Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 07/17/2014

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Thursday, July 17, 2014

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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 +2.46%.

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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Downed Malaysian Passenger Jet Shakes Markets

Ulli Market Commentary Contact

Thur pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

U.S. stocks seemed to have been spooked today by the news of the Malaysian passenger jet that went down in Ukraine near the Russian border. Additional news that Israel had launched a ground offensive into the Gaza Strip only added fuel to the fire, so to speak. The major indexes stumbled, as the chart above shows, with money pouring into U.S. government bonds.

The yield on the 10-year Treasury note fell to its lowest level since May. Gold and oil prices rose. Airlines took a hit, too. The NYSE ARCA Airline index was down 2.7%. Shares of Boeing (BA), whose aircraft was being flown when the Malaysia Airlines plane went down, fell 1.2%.

Despite today’s decline, stocks remain near record territory. The Dow closed at a record high on Wednesday, its second this month, and the S&P 500 is hovering near its most recent all-time high of 1,985.44 set on July 3. These facts may have encouraged investors to sell some of their stock holdings Thursday midst the chaos.

Even with growing geopolitical uncertainty, the market has remained focused on company earnings, which have been mostly favorable so far. Let’s stay tuned for (hopefully) more positive corporate earnings to come.

Our 10 ETFs in the Spotlight stumbled with the indexes; no new highs were made.

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Dow Continues Riding High; Great Day For Media Stocks

Ulli Market Commentary Contact

Wed pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

The Dow kept trucking forward further into record territory for a fourth straight day, ending the day up 0.5% at a new all-time high of 17,138.20. The S&P 500 and Nasdaq also rode the momentum of the blue-chip index higher, gaining 0.44% and 0.22% each.

Numerous investor eyes turned to Time Warner Cable (TWC) as news emerged of a potential $80 bil takeover bid by Rupert Murdoch’s 21st Century Fox. Other media stocks also got a boost from the news: Viacom (VIA) was up 3.5%, CBS (CBS) gained 2.1% and Disney (DIS) gained 6%.

In the tech world, recent musings about Apple (AAPL) and IBM (IBM) potentially teaming up to develop mobile apps together became a bit more confirmed today. Apple gained 0.6% and IBM added 2.3%. Also, we received a favorable earnings report today from Intel (INTC) and shares shot up 8% subsequently.

Finally, you may remember a couple of days ago I mentioned the upcoming economic growth report due from China. Well, we received the numbers today, and the report showed that the world’s second-largest economy expanded 7.5% year-over-year, which was slightly above the 7.4% growth numbers from Q1.

Our 10 ETFs in the Spotlight picked up momentum with 2 of them making new highs today.

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Stocks Rally Early; But End Up Subdued By Yellen’s Remarks

Ulli Market Commentary Contact

Tue pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Stocks were rallying early today, riding the wave up from yesterday, however, the momentum was brought to halt shortly after Janet Yellen made a comment about the stock market being “substantially stretched” in terms of valuations. The Dow ended the day barely above water by 0.03%, while the Nasdaq lost 0.5% and the S&P dropped 0.2%.

Early gains were mostly due to earnings announcements by JPMorgan Chase (JPM), Goldman Sachs (GS) and Johnson & Johnson (JNJ) that beat Wall Street estimates. Apparently, investors did not favor some M&A news today, as we heard Cigarette maker Reynolds American (RAI) is buying rival Lorillard (LO) for about $27 billion. Shares of Lorillard sank 6.9% and Reynolds dropped 6.9%.

Don’t be surprised if investors turn attention back to China tomorrow. China, the world’s No. 2 economy, is due to report its second quarter GDP numbers on Wednesday. Premier Li Keqiang raised hopes for an upbeat outcome by commenting last week that growth improved from 7.4% in the first quarter, but let’s see what the data says.

Our 10 ETFs in the Spotlight went sideways but 1 of them managed to eke out a new high.

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Stocks Back On Track Amidst Solid Report From Citigroup And M&A News

Ulli Market Commentary Contact

Mon pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Stocks kicked off this week on a high note as the markets rocketed higher with the Dow once again passing the 17,000 mark to close at 17,055. In general, investors were encouraged by a slew of M&A activity alongside better than expected earnings from Citigroup. All major indexes gained as the chart shows.

In M&A news, Shares of drug maker Mylan (MYL) jumped 2% to $51.24 after the company announced it will buy Abbott Laboratories’ (ABT) generic-drugs business in developed markets for stock valued at about $5.3 billion. Abbott gained 1.3% to $41.82.

Also in pharmaceutical M&A news, AbbVie (ABBV), maker of the arthritis drug Humira, offered over the weekend to pay cash and stock equal to about $91.10 a share for Shire (SHPG), maker of the attention deficit hyperactivity disorder drugs Vyvanse and Adderal XR. Its latest offer exceeded its prior one of $51 billion.

This is a great start to the week, and with the market trading near all-time highs, investors will be focused on a large number of corporate earnings coming down the pipeline, including quarterly reports from General Electric (GE), Google (GOOG), Bank of America (BAC) and Johnson & Johnson (JNJ).

Our 10 ETFs in the Spotlight rallied with the indexes with 2 of them reaching new highs.

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ETFs/Mutual Funds On The Cutline – Updated Through 07/11/2014

Ulli ETFs on the Cutline Contact

Below are the latest ETF Cutline reports, which show how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs/MFs are positioned.

The first report covers the ETF Master List from Thursday’s StatSheet and includes 398 ETFs, of which currently 375 (last week 392) are hovering in bullish territory.

The second report includes only High Volume ETFs. To clarify, High Volume (HV) ETFs are defined as those with an average daily volume of $10 million or higher.

These ETFs are generated from my selected list of some 97 that I use in my advisor practice. It cuts out the “noise,” which simply means it eliminates those ETFs that I would never buy because of their volume limitations. 87 ETFs (last week 91) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 761 (last week 811) above the line and 89 below it out of the 850 that I follow.

Take a look:

1. ETF Master Cutline Report     

2. ETF High Volume Cutline Report

3. MF Cutline Report

In case you are not familiar with some of the terminology used in the reports, please read the Glossary of Terms.

If you missed the original post about the Cutline approach, you can read it here.