09-19-2014

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ETF/No Load Fund Tracker Newsletter For September 19, 2014

ETF/No Load Fund Tracker StatSheet

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

https://theetfbully.com/2014/09/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-09182014/

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Market Commentary

Friday, September 19, 2014

DOW RIDES HIGH ON ALIBABA IPO

Fri pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Stocks finished higher on the week, led by a jump in telecom stocks. The S&P 500 rose 1.23% and the Dow gained 1.35%.

We heard a lot of news about Alibaba (BABA) today. Shares traded freely for the first time today as the stock soared as high 38% at one point. The Alibaba IPO is now officially the largest IPO in history. At its closing share price Friday, Alibaba now has a market value of $231 billion, which exceeds the combined market capitalizations of Amazon (AMZN) and eBay (EBAY).

Investors were also buoyed by Scottish voters’ rejection of an independence referendum, adding to the upward momentum created by the Fed’s announcement early this week that interest rates will not rise for a considerable time.

And lastly, Apple (AAPL) initiated sales of the iPhone 6 and 6+ today, however, shares still ended down about 0.8%.

2 of our 10 ETFs in the Spotlight gained but no new highs were made today.

2. ETFs in the Spotlight

In case you missed the announcement and description of this section, you can read it here again.

It features 10 broadly diversified ETFs from my HighVolume list as posted every Monday. Furthermore, they are screened for the lowest MaxDD% number meaning they have been showing better resistance to temporary sell offs than all others over the past year.

Here are the 10 candidates:

MaxDD

All of them are currently in “buy” mode, meaning their prices are above their respective long term trend lines by the percentage indicated (%M/A).

Year to date, here’s how the above candidates have fared so far:

YTD

To be clear, the first table above shows the position of the various ETFs in relation to their respective long term trend lines (%M/A), while the second one tracks their trailing sell stops in the “Off High” column. The “Action” column will signal a “Sell” once the -7.5% point is taken out in the “Off High” column.

3. Domestic Trend Tracking Indexes (TTIs)

Our Trend Tracking Indexes (TTIs) recovered this week and managed to edge up from last Friday’s close:

Domestic TTI: +2.37% (last Friday +2.14%)

International TTI: +1.66% (last Friday +1.60%)

Have a nice weekend.

Ulli…

Disclosure: I am obliged to inform you that I, as well as advisory clients of mine, own some of these listed ETFs. Furthermore, they do not represent a specific investment recommendation for you, they merely show which ETFs from the universe I track are falling within the guidelines specified.

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READER Q & A FOR THE WEEK

All Reader Q & A’s are listed at our web site!
Check it out at:

http://www.successful-investment.com/q&a.php

Reader Ray:

Q: Ulli: I am a relatively new subscriber to your excellent newsletter. I understand your buy, hold and sell strategies on the overall market.

However, I need help on your criteria in selecting the individual ETF/mutual fund buys showing strong upward momentum. Do you just pick say from the top 10 of the M-Index list? Do you rotate from funds that drop in and out of the top 10 list or do you hold your original purchase until it hits the sell stop?

A: Ray: There are many ways as to use the tables in the StatSheet. The more conservative one, which I recommend at these elevated market levels, is to make your selections from the 10 ETFs in the Spotlight, which are featured as part of the daily market commentary.

The idea here is to avoid unnecessary whip-saw signals caused by ETFs that are too volatile, and try to stay with the long-term trend until our trailing sell stops and/or trend line crossings signal a move to the sidelines.

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WOULD YOU LIKE TO HAVE YOUR INVESTMENTS PROFESSIONALLY MANAGED?

Do you have the time to follow our investment plans yourself? If you are a busy professional who would like to have his portfolio managed using our methodology, please contact me directly or get more details at:

https://theetfbully.com/personal-investment-management/

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Back issues of the ETF/No Load Fund Tracker are available on the web at:

https://theetfbully.com/newsletter-archives/

ETF/No Load Fund Tracker Newsletter For September 19, 2014

Ulli ETF Tracker Contact

ETF/No Load Fund Tracker StatSheet

————————————————————-

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

https://theetfbully.com/2014/09/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-09182014/

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Market Commentary

Friday, September 19, 2014

DOW RIDES HIGH ON ALIBABA IPO

Fri pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Stocks finished higher on the week, led by a jump in telecom stocks. The S&P 500 rose 1.23% and the Dow gained 1.35%.

We heard a lot of news about Alibaba (BABA) today. Shares traded freely for the first time today as the stock soared as high 38% at one point. The Alibaba IPO is now officially the largest IPO in history. At its closing share price Friday, Alibaba now has a market value of $231 billion, which exceeds the combined market capitalizations of Amazon (AMZN) and eBay (EBAY).

Investors were also buoyed by Scottish voters’ rejection of an independence referendum, adding to the upward momentum created by the Fed’s announcement early this week that interest rates will not rise for a considerable time.

And lastly, Apple (AAPL) initiated sales of the iPhone 6 and 6+ today, however, shares still ended down about 0.8%.

2 of our 10 ETFs in the Spotlight gained but no new highs were made today.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 09/18/2014

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Thursday, September 18, 2014

Table of Content082312

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 10/25/2011

TTI

Our main directional indicator, the Domestic Trend Tracking Index (TTI), broke through its long-term trend line generating a Sell for this area effective 8/9/2011. Over the recent past, we’ve seen the TTI hovering slightly below and above this dividing line between bullish and bearish territory. The clear break to the upside occurred on 10/24/11 and, effective 10/25/11, a new Buy signal for domestic equities went into effect.

As of today, our TTI (green line in above chart) is positioned above its long term trend line (red) by +2.59%.

To avoid a potential whip-saw, a Sell signal to move out of all domestic equity positions will be generated once we have clearly pierced the red line to the downside. Be sure to tune in for the latest updates.

Read More

Markets Back On Track Despite Scotland Worries

Ulli Market Commentary Contact

Thur pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

The markets were back on track today as both the Dow and S&P 500 closed at record highs. The S&P 500 gained 0.5%, the Dow climbed 0.6% and the Nasdaq trumped as it gained 0.7%.

As you may know, the Scotland independence debate has been all over the news and is hovering over a lot of investor decision making. So much in fact that the British pound surged to a two-year high against the euro today.

And then there’s that Alibaba IPO that has been making headlines of late. The largest IPO in history is nearing the final states of selling its shares to the public today. The stock will trade under the symbol BABA and initial share price is going to be between $66-$68. The $68-a-share IPO price values the company at $170.8 billion.

In federal news, the Federal Reserve made clear yesterday that it would keep interest rates at record lows for a while. Low rates have boosted the market by helping revive the economy and making stocks more attractive compared with bonds.

9 of our 10 ETFs in the Spotlight closed up with 3 of them making new yearly highs.

Read More

Edging Higher After A Dump, Pump And Dump Roller Coaster Ride

Ulli Market Commentary Contact

Wed pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

The major indexes managed to eke out a small gain following a wild ride as a result of the Fed’s pledge to keep interest rates low for a “considerable time,” while ongoing concerns about “underutilization” in the labor market remain.

No timetable for higher rates was announced, however, it appears that hikes may come at a pace, which may be quicker than expected and forecast. The dollar jumped against the euro while financials ended up being one of the better performers for the day.

Immediately following the Fed’s statement, equities dumped, then recovered and dumped into the close again. That wild ride confirms the sensitivity of the indexes trying to justify these lofty levels, which have been reached not because of sound fundamentals but merely because of the Fed’s accommodating stance over the past few years.

5 of our 10 ETFs in the Spotlight managed to close up during this roller coaster ride with 1 of them making a new yearly high.

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Equities Jump Sharply Thanks To Two Assists

Ulli Market Commentary Contact

Tue pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

The major indexes got two assists today, which propelled the markets out of the trading range with the S&P 500 making another assault at the 2,000 level after having been stuck below it for the past 1-1/2 weeks.

China’s central bank got things started by announcing a boost in its stimulus measures (QE) over the next three months to improve sagging economic growth. Seems like the letters QE was all it took and off to the races we went.

Leading the charge were the energy sector, which came back to life by adding 1.2% along with utilities and healthcare.

Then the WSJ chimed in with a report that the Fed’s policy statement, due out tomorrow, may not contain the dreaded words of higher interest rates in the immediate future, but that an actual increase may be postponed until some time late in 2015. Of course, it’s nothing but a guessing game, but the markets took it as a positive. We’ll find out tomorrow, if this rally has enough muscle to keep the indexes at these levels.

All of our 10 ETFs in the Spotlight joined the party and closed up with 2 of them making new yearly highs.

Read More