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

Ulli ETF Tracker Contact

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.

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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.

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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.

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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.

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Equities Continue To Trend Lower On Interest Rate Hike Speculation

Ulli Market Commentary Contact

Mon pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Stocks ended mostly lower today, continuing on the down-slide from a sub-par performance last week. The S&P 500 dropped a slight 0.08%, the Dow gained 0.26% and the Nasdaq lost 1.06% on the day.

The focus on interest rates remain front and center this week as markets anxiously await the outcome of the Federal Reserve’s two-day meeting that starts tomorrow. Results of the meeting should provide some solid indication as to whether a recovering economy will lead to interest rate hikes.

Other big news in focus this week will be Scotland’s vote on independence, which will take place on Thursday; as well as how the Alibaba IPO is going to play out. If you didn’t know, Alibaba plans to increase the size of its U.S. IPO because of “overwhelming” investor demand. Alibaba could set a new record for the world’s biggest IPO if underwriters exercise an option to sell additional shares to meet demand, pushing it as high as $24.3 billion and overtaking Agricultural Bank of China Ltd’s $22.1 billion listing in 2010.

Overseas, Russian stocks and the ruble fell with the currency dropping to a record as the U.S. and European Union toughened sanctions against the country last week

3 of our 10 ETFs in the Spotlight advanced, while 1 remained unchanged and 6 of them closed lower.

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