ETF/No Load Fund Tracker Newsletter For Friday, August 16, 2013

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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/2013/08/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-08152013/

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Market Commentary

Friday, August 16, 2013

Treasury Yields Surge While Stocks Continue To Head South

U.S. equity markets extended their recent decline into the final hour of trading, in which stocks attempted to erase most of their losses before ultimately closing the session to the downside, as Fed tapering concerns continue to leave investors cautious.

Meanwhile, ten-year treasury yields surge to two-year highs. The DJIA posted its biggest weekly loss this year as rising bond yields hurt shares paying rich dividends. The Dow closed 30 points lower (0.2%) at 15,082, the S&P 500 Index dropped 5 points (0.3%) to 1,656, and the Nasdaq Composite lost 3 points to 3,603.

There was evidence in today’s session of pressing the buy-the-dip trade that was seen early on in the outperformance of the homebuilding stocks, which have been hit hard of late.  Ultimately, the strength in homebuilding stocks faded as the yield on the 10-yr note, and concerns about rising mortgage rates, increased. The on again-off again showing of the homebuilders was representative of the overall action.  There just wasn’t a lot of conviction on either the buy side or the sell side.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 08/15/2013

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ETF/Mutual Fund Data updated through Thursday, August 15, 2013

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

The Domestic 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 Trend Tracking Index (TTI—green line in above chart) has bounced off its long term trend line (red) by +2.06% after briefly dipping below it late in June.

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 line to the downside. Be sure to tune in for the latest updates.

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Index ETFs See Red On Continued Fed Fear

Ulli Market Commentary Contact

Thur pic

[Chart courtesy of MarketWatch.com]

The U.S. equity markets extended yesterday’s selloff to close decisively lower, the most since June as forecasts from Cisco Systems Inc. and Wal-Mart Stores Inc. disappointed while a large dose of mixed domestic data added to investor worries that the Federal Reserve may begin tapering in the near future.

About 6.6 billion shares exchanged hands on U.S. exchanges today, 4.5 percent above the three-month average, while The CBOE Volatility index rose nearly 12 percent. Treasury yields rose to the highest levels in two years.

All 10 major industries in the S&P 500 retreated, with seven of ten groups posting losses larger than 1.0% while, energy (-0.7%), materials (-0.8%), and telecom services (-0.9%) outperformed. Technology and consumer-discretionary shares dropped more than 1.7 percent after Wal-Mart’s shares fell on a surprise decline in quarterly same-store sales and Cisco Systems shares slipped one day after the network equipment maker announced it was cutting 4,000 jobs.

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Fed Tapering Haunts Markets Again

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Wed pic

[Chart courtesy of MarketWatch.com]

Domestic equity markets continued the recent downward trend with trading volumes about 22 percent below the 100-day average. Earnings season is winding down and economic indicators present a mixed view, complicating predictions of the Fed’s next policy action.

Mixed economic data has led to heightened anxiety that the Federal Reserve may begin to taper its asset purchase program this year, possibly as early as September. Equities were confined to a downtrend from the open, and even the news of the first expansionary Eurozone GDP reading in 18 months could not spark a bid.

Nine of ten sectors registered losses while technology posted a fractional gain of 0.01%. The tech sector climbed into the lead early this afternoon. The relative strength of the largest sector component overshadowed the underperformance of chipmakers. While technology was able to end in the green, the materials sector shed 0.2% after spending the majority of the session in positive territory.

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7 ETF Model Portfolios You Can Use – Updated through 8/13/2013

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After conquering the 1,700 marker for the S&P 500, we slipped again below it and meandered aimlessly for most of the week. The S&P 500 gave back 3 points since last week’s portfolio report.

This sideways pattern does not surprise me as earnings season has come to an end and recent economic reports have not been overpowering in content, so a new driver is needed to push the index back above the 1,700 level.

Taper talk has been mainly neutral and, absent any major news event, we may very well spend the last couple weeks of summer drifting within a narrow range.

Here’s the latest ETF Model Portfolio update:

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Major Market ETFs Finally Halt Multi-Day Slide

Ulli Market Commentary Contact

Tue pic

[Chart courtesy of MarketWatch.com]

U.S. equities finished strong in a volatile session on Tuesday, as investors weighed a lackluster domestic retail sales report and tepid small business optimism with better-than-expected reports from across the Atlantic.

Treasuries finished lower following the US data; gold saw pressure, while crude oil prices and the US dollar moved higher. Below-average volume has persisted through August, and today did not deviate from the recent norm as only about 5.6 billion shares changed hands on the New York Stock Exchange, the Nasdaq and NYSE MKT, which is below the daily average so far this year of about 6.3 billion shares. The Standard & Poor’s 500 Index incurred another morning losses for a ninth consecutive day. The rebound in the S&P was aided by the relative strength of most cyclical groups.

The tech sector spiked during afternoon action after activist investor Carl Icahn disclosed what he described as a “large” position in Apple. The largest tech stock advanced 4.8% while the broader sector added 0.8%. While most cyclical sectors posted solid gains, discretionary shares ended flat. Home builders registered losses across the board.

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