ETF/No Load Fund Tracker Newsletter For July 3, 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/2014/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07032014/

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Market Commentary

Thursday, July 3, 2014

IT’S ALL ABOUT THE DOW HEADED INTO 4TH OF JULY HOLIDAY

Thur chart

[Chart courtesy of MarketWatch.com]

“The Dow finally did it!!” is what news headlines were screaming today. For the first time in history the Dow climbed and closed above the 17,000 mark. After coming within 2 points of 17,000 on Tuesday, the Dow finally cracked the 17,000 level after the government reported that a better-than-expected 288,000 jobs were created last month and the unemployment rate dipped to 6.1%, its lowest level since September 2008. Of course, these are just surface numbers. It’s been conveniently overlooked that we actually lost 500,000 full time jobs and gained some 800,000 part time jobs in the last month; truly a sad direction.

For the week, the Dow rose 1.3%, the S&P 500 advanced 1.25% and the Nasdaq climbed 2%.

Thursday’s gains were broad, with nine of the 10 primary S&P 500 sector indexes rising for the day. The only negative group was utilities, down 1.1%. The utilities sector (which has performed relatively well so far this year) is now struggling as the June jobs data suggested that the Federal Reserve may raise interest rates earlier than had previously been anticipated. Remember that investors favor utilities in a low interest-rate environment because the sector is a dividend play.

Let’s see if the markets can pick up where they left off after the 4th of July holiday.

Our 10 ETFs in the Spotlight gained for the week with 5 of them making new highs for the day.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 07/03/2014

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Thursday, July 3, 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 +4.21%.

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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Increase In Hiring Moves Markets Up; Do You Follow Argentina’s Stock Market?

Ulli Market Commentary Contact

Wed pic

[Chart courtesy of MarketWatch.com]

1. Moving The Markets

Stocks continued to climb on Wednesday, driven by news that businesses added  281,000 jobs last month, up from 179,000 in the previous month. The figure suggests the government’s monthly jobs report, due out Thursday, could also show a significant gain from May. Two of the three major indexes gained slightly as the chart above shows.

Airline stocks took a dip today after Delta (DAL) said revenue per passenger fell on international routes due to decreased travel to Latin America during the World Cup. Delta’s stock fell 5.1%. American Airlines Group (AAL) and United Continental (UAL) were also down sharply.

You may remember me mentioning the GoPro (GPRO) IPO last week. Well, the stock seems to have calmed down as shares of the wearable video camera company were down for the first time since its IPO last Thursday, albeit shares are still trading above $42 — a significant premium above the IPO price of $24.

While world cup fans are consumed with the excitement of the tournament, they might not be aware that Argentina’s stock market is the world’s best performing stock market so far in 2014. The benchmark Mercado de Valores de Buenos Aires (Merval) has gained 47% since January, making it the top performer in a group of 40 global stock markets researched by Bespoke Investment Group.

Four of our ten ETFs in the Spotlight made new highs for the year.

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Third Quarter Off To A ‘Bang’ Just Before 4th Of July Holiday

Ulli Market Commentary Contact

Tue pic

[Chart courtesy of MarketWatch.com]

1. Moving The Markets

The markets opened the third quarter with a bang as the S&P 500 and Dow both climbed record highs at closing. The Dow was within 2 points of hitting 17,000 for the first time ever before pulling back slightly. The S&P 500 gained 0.7% to close at an all-time high of 1973.32. But, let’s not forget the tech loving Nasdaq that also gained 0.7% today to close at a new 14-year high.

The bullish trading activity today came about despite weaker-than-expected readings on manufacturing in June and construction spending in May. An index of U.S. manufacturing activity unexpectedly fell slightly last month as production dipped. This data seemed to be of little importance to the broader market though as sentiment remained largely positive.

Health care stocks had the biggest advance with gains led by Regeneron (REGN). The company rose $19.53, or 7 percent, to $301.94 after French drugmaker Sanofi (SNY) said in a regulatory filing that it had raised its stake in Regeneron.

General Motors (GM) was able to ‘save face’ a bit today. The stock rose the most in almost a month despite a record-setting string of safety recalls. The automaker reported that its U.S. sales and recalls? increased 1 percent in June.

Our ETFs in the Spotlight joined the rally welcoming the month of July with 6 of them making new highs for the year.

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Halfway Through The Year The S&P Is Up 6%

Ulli Market Commentary Contact

Mon pic

[Chart courtesy of MarketWatch.com]

1. Moving The Markets

Both the Dow and S&P 500 lost ground slightly after flirting with record highs previously. We are now officially halfway through the trading year and the S&P 500 is up 6%, logging 22 record highs along the way. Over the past two months stocks have resumed their upward trajectory after getting off to their worst start in five years in the first quarter.

Utility stocks also did well. The sector rose 0.8%, making it the biggest gainer of the 10 industry sectors that make up the S&P 500 industry. The utilities sector has done very well overall this year, climbing 16.4% thus far as bond yields have fallen.

American Apparel (APP) dropped 6% after the company announced plans to adopt a shareholder rights plan in an effort to prevented ousted chairman (and founder) Dov Charney from seizing control. The sell-off follows a surge of nearly 30% on Friday.

General Motor (GM) was among the day’s losers. Trading in the auto titan’s stock was briefly suspended in the afternoon after the company announced that it was recalling at least 7.6 million more vehicles dating back to 1997 to fix faulty ignition switches.

Today’s aimless meandering on the last day of the month proved to be a non-event for our ETFs in the Spotlight, although 2 of them managed to make new highs.

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ETFs/Mutual Funds On The Cutline – Updated Through 06/27/2014

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 394 (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. 92 ETFs (last week 90) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 786 (last week 788) above the line and 64 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.