ETF/No Load Fund Tracker Newsletter For Friday, October 18, 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/2013/10/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-10172013/

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Market Commentary

Friday, October 18, 2013

EARNINGS INSPIRE MARKETS

Domestic equity markets were solidly higher to end the week with the S&P hitting a fresh record high, as better-than-expected earnings results from Google, Morgan Stanley, and General Electric overshadowed Honeywell’s quarterly revenue missing expectations.

Elsewhere, a plethora of upbeat Chinese economic data helped to buoy sentiment, highlighted by the first acceleration in GDP growth in three quarters. The Dow Jones Industrial Average closed 27 points higher (0.2%) at 15,399, the S&P 500 Index registered its third consecutive gain, rising 11 points (0.7%) to 1,744, and the Nasdaq Composite increased 51 points (1.3%) to 3,914.

Google made a significant contribution to the relative strength of the tech-heavy index. Shares of Google surged 13.8% after the company surpassed earnings expectations by 37 cents. Thanks to Google’s surge, the tech sector settled in the lead with a gain of 1.8%. Even though the sector ended sharply higher, some other top members underperformed. Qualcomm shed 0.4% and IBM fell 0.6% after plunging 6.4% yesterday. Outside of technology, the industrial sector (+1.1%) was the only group that ended with a gain larger than 1.0%.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 10/17/2013

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ETF/Mutual Fund Data updated through Thursday, October 17, 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 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 Trend Tracking Index (TTI—green line in above chart) has bounced off its long term trend line (red) by +4.14% after briefly dipping below it late in June 2013.

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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Earnings Take Center Stage

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Thur pic

[Chart courtesy of MarketWatch.com]

U.S. equity markets closed mostly in the positive sending the S&P 500 to record high, while disappointing earnings reports pushed the Dow slightly lower. Early session pessimism that last night’s short-term agreement by Congress may only be delaying another fiscal showdown to early next year, was met with optimism that tapering of the Fed’s asset purchase program may be pushed out.

Meanwhile, Treasuries were higher in the wake of the deal agreement on Capitol Hill, while weekly jobless claims came in above expectations and regional manufacturing activity decelerated by a smaller rate than forecasted.

With the third quarter earnings season heating up, the Dow Jones Industrial Average was victimized by disappointing results with IBM and Goldman Sachs missing the Street’s revenue forecasts, and UnitedHealth issuing disappointing guidance, which offset stronger-than-expected quarterly results from Verizon Communications and American Express.

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Market Signals Government Shut Down Is Ending

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Wed pic

[Chart courtesy of MarketWatch.com]

Domestic equity markets closed the trading session sharply higher as the fiscal stalemate on Capitol Hill is expected to possibly end a day before the Treasury’s debt ceiling is reached. The Senate is agreeing to a plan that will be voted on by the House later today.

The day’s gains brought the S&P 500 within a few points of its all-time closing high. Volume has been below average, however, as many investors stayed on the sidelines until a resolution of the fiscal issues was official. Meanwhile, Treasuries moved to the upside on the eased concerns about a U.S. debt default.

In earnings news, Bank of America, Dow member Intel, Yahoo, PepsiCo, and CSX all reported bottom-line results that exceeded analysts’ expectations. However, Stanley Black & Decker experienced heavy losses after cutting its full-year earnings outlook. Elsewhere, gold was lower; crude oil prices were higher, while the U.S. dollar was nearly unchanged.

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7 ETF Model Portfolios You Can Use – Updated through 10/15/2013

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Last week’s rebound, powered by endless hope that the government shutdown will come to an end over the past weekend, slowed down as the major indexes pulled back on lack of progress among the warring parties.

Still, the S&P 500 managed to tack on 2.6% since last week’s model portfolio report, just about recouping the prior week’s losses. Despite earnings season being on the menu, all eyes are focused on the Washington debacle with the potential fall guy being the market should things not come to a resolution fairly quickly.

In the meantime, here’s the latest ETF Model Portfolio update:

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Uncertainty Hurts Stock Index ETFs

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Tue pic

[Chart courtesy of MarketWatch.com]

U.S. equity markets finished near their lows in a volatile session following a four day rally in the Standard & Poor’s 500 Index, as yesterday’s optimism that a deal among U.S. lawmakers was close seemed to slip away in the wake of continued bickering among the political parties that have stalled the talks.

After the market closed, futures indicated continued pressure after Fitch placed the United States’ AAA rating on rating watch negative, citing the debt ceiling gridlock.

Markets displayed modest losses at the open, but were able to turn positive by late afternoon. The rebound was based on optimism associated with the budget jawboning in Washington. However, selling pressure intensified during the final 90 minutes of the session amid indication that the Senate has halted its negotiations pending the outcome of the House vote.

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