ETF/No Load Fund Tracker Newsletter For November 14, 2014

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ETF/No Load Fund Tracker StatSheet

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THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS:

https://theetfbully.com/2014/11/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-11122014/

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Market Commentary

Friday, November 14, 2014

MARKETS BOOK A FOURTH STRAIGHT WEEK OF GAINS HEADING INTO THE HOLIDAY SEASON

Fri pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Trading was a bit volatile today, but the S&P 500 managed to mark another record high, and U.S. markets across the board posted another week of gains. On the day, the indexes inched up only slightly, however, for the week, the Dow was up 0.4%, the S&P 500 gained 0.4% and the Nasdaq surged 1.2%.

Volatility in trading persisted throughout the day, despite investors receiving a solid report on October retail sales. They came in about 0.3% higher, which should add a bit of bullish sentiment to retail investors heading into the holiday season. Perhaps the boost was due to a lessened burden on consumers’ wallets at the gas pump over the past two months. As you know, crude oil prices have been falling of late, however, the benchmark U.S. crude index did rise 2.4% today to $75.97 a barrel.

In case you didn’t hear, Virgin America (VA) had their IPO today. The young and fresh airline had an initial price of $23 per share, but the stock began trading on the Nasdaq at $27 per share and shares crept higher throughout the day to close at an even $30.00. I imagine Richard Branson enjoyed a cocktail accordingly at the close of trading.

For the week ahead, manufacturing will be in focus with the release of Industrial Production numbers. The strength of housing activity will also receive a closer look with the release of housing starts, building permits and existing home sales.

4 of our 10 ETFs in the Spotlight managed to close up while 2 of them made new highs as the YTD table below shows.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 11/12/2014

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Wednesday, November 12, 2014

TOC

If you are not familiar with some of the terminology used, please see the Glossary of Terms.

 

1. DOMESTIC EQUITY MUTUAL FUNDS/ETFs: BUY — since 10/22/2014

TTI

Our main directional indicator, the Domestic Trend Tracking Index (TTI), broke through its long-term trend line generating a “Sell” for this arena effective 10/14/2014, which was followed by a violent break back above the line on 10/22/14 generating a new “Buy.” It was a classic whipsaw signal, and you can read more on my blog as to the events as they were unfolding.

As of today, our TTI (green line in above chart) is positioned above its long term trend line (red) by +3.29% keeping us in the market with newly established positions.

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Markets Back On Track; Wal-Mart Impresses – Oil Continues To Slide

Ulli Market Commentary Contact

Thur pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Stocks are back on track this Thursday after dropping slightly yesterday. The Dow was able to post another record high-water mark at the close of trading today, finishing up 0.23%. The S&P 500 gained 0.04% and the Nasdaq stood at an 0.10% gain at closing.

The gain in the Dow was largely attributed to Walmart posting better-than-expected earnings, however, plunging oil prices erased most of the index’s gains. As you know, oil prices have been dropping over the past two months, and today prices fell below $75 a barrel for the first time in four years. The benchmark U.S. crude oil index is down 31% since late June. Exxon Mobil (XOM) and Chevron (CVX) took notable hits among energy stocks.

In M&A news, Berkshire Hathaway (BRKA) announced today that it will buy Duracell Batteries from Procter & Gamble (PG). This small transaction is valued at a mere $4.7 billion. We also heard today that Dreamworks Animation (DWA) is in talks to buy the toymaker Hasbro (HAS), though no tentative purchase price was mentioned. Dreamworks stock closed 14% higher on the day.

The Q3 earnings reporting season is not quite over yet, so let’s stay tuned to see how the numbers will look from a number of firms on Friday.

4 of our 10 ETFs in the Spotlight gained with 2 of them making new highs as the YTD table below shows.

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Markets Drop, Snapping A 6-Day Winning Streak

Ulli Market Commentary Contact

Wed pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Stocks pulled back from record highs today, dragged down mostly by the financial sector after hearing today that six big banks were fined $4.3 billion in a settlement over foreign exchange manipulation charges. The S&P 500 and Dow both closed a tad lower, which snapped a 6-day streak of daily gains. The Nasdaq moved in the opposite direction today, gaining 0.3%.

Citibank (C), JPMorgan Chase Bank (JPM), Royal Bank of Scotland (RBS), HSBC Bank (HSBC) and UBS (UBS) are among the banks being fined. However, the investigation is not over apparently, as Barclays (BCS) is also anticipated to settle on a fine amount.

Retail stocks were back in focus today. With the holiday season just around the corner, Wall Street is closely watching large retailers such as Macy’s (M) and J.C. Penny (JCP) and Wal-Mart (WMT). Macy’s stock got a 5% pop today after reporting earnings that topped analyst estimates. J.C Penny reports after the bell today and both Wal-Mart and Kohl’s are expected to report on Thursday, so keep an eye out!

And finally, oil prices just keep on sliding down. The U.S. crude oil benchmark was down another 1.5% today to $76.81 a barrel. The news is good for your wallet at the pump, but maybe not for your oil investments.

3 of our 10 ETFs in the Spotlight gained with 1 of them making new highs as the YTD table below shows.

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New Records For S$P 500 And Dow

Ulli Market Commentary Contact

Tue pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

The bond markets were closed in observance of Veteran’s Day, so trading in equities was thin, which may have contributed to the continuation of the rally.

It was a see-saw session, as the chart above shows, but the major indexes managed to close in the green despite no economic data points. In individual stock news, Alibaba stole the show after its big online shopping day, called “Singles Day,” which procured more than $2 billion in sales in one hour.

6 of our 10 ETFs in the Spotlight closed up as well with 3 of them making new highs as the YTD table below shows.

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Up, Up And Up Again The Markets Go

Ulli Market Commentary Contact

Mon pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Well, the markets continue on their march up the mountain of gains as both the Dow and S&P 500 marked record highs again today. The U.S. economy continues to improve and corporations report better-than-expected earnings. Today, the S&P 500 gained 0.3%, the Dow rose 0.23% and the Nasdaq trumped all adding 0.42%.

In the world of retail, the third-quarter earnings season winds down, so retail earnings reports are in store from Macy’s, Walmart J.C. Penney and Nordstrom. With 90% of the S&P 500 companies reporting, 74.6% have posted earnings above Wall Street analysts’ expectations. That’s better than the average 63% of companies beating estimates in a typical quarter.

We heard big news from China today. China will launch its “Shanghai-Hong Kong Stock Connect” program. What is significant about this? Well, for the first time ever retail investors around the world will be able to invest in mainland Chinese equities, without a broker.

According to Goldman Sachs: “The new market essentially creates the world’s second-largest equity market by market cap,” second only to the New York Stock Exchange. Many market participants have said that the new system is also an important piece in China’s market-reform measures. Is it time to learn Mandarin and jump in???

9 of our 10 ETFs in the Spotlight ended on the plus side while 8 of them made new highs as the YTD table below shows.

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