ETF/No Load Fund Tracker Newsletter For Friday, September 13, 2013

Ulli ETF Tracker Contact

ETF/No Load Fund Tracker StatSheet

————————————————————-

THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS:

https://theetfbully.com/2013/09/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-09122013/

————————————————————

Market Commentary

Friday, September 13, 2013

MAJOR INDEX ETFs END THE WEEK HIGHER ON NEGATIVE DATA

Domestic equity markets ended in positive territory and the Dow registered its best weekly gain since January, despite lackluster reads on U.S. consumer sentiment and retail sales, while investors contemplate the odds that the Federal Reserve will taper stimulus measures at next week’s policy meeting.

Moreover, Syrian uncertainty remained, with diplomatic discussions continuing regarding the Syrian government relinquishing control of its chemical weapons. The Dow Jones Industrial Average closed 75 points higher (0.5%) at 15,376, the S&P 500 Index ended up 5 points (0.3%) at 1,688, and the Nasdaq Composite increased 6 points (0.2%) to 3,722.

Today’s session was very quiet as participants displayed tepid demand for equities ahead of next week’s meeting where a tapering announcement may occur. Excluding a brief dip during the opening hour after it was reported that the Consumer Sentiment Index fell 5.3 points in the preliminary September reading, the biggest drop this year, to 76.8, the lowest level in five months. Economists expected a smaller pullback.

Read More

Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 09/12/2013

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Thursday, September 12, 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 +2.27% 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.

Read More

Green Streak Comes To An End

Ulli Market Commentary Contact

Thur pic

[Chart courtesy of MarketWatch.com]

The U.S. Federal Reserve was back in the spotlight again as traders worried that the Fed would begin to scale back its monetary stimulus when it meets on Tuesday and Wednesday next week. U.S. equity averages fell, halting a seven-day win streak for the Standard & Poor’s 500 Index as materials producers slid amid growing concern over Syria.

Economic data showed first-time weekly claims for state unemployment benefits, the last major reading on the labor market before the Fed’s meeting, fell to the lowest level since 2006, but the picture was incomplete because two states did not process all their claims.

Nine of ten S&P 500 industry sectors ended in the red. After posting gains in each of the past seven sessions, several of this month’s top performers fell victim to some profit-taking. Financials, industrials, and materials led to the downside with losses ranging between 0.5% and 1.0%. The financial sector was pressured by the underperformance of most large banks as investors attempted to gauge the impact of a slowdown in the mortgage industry.

Read More

Major Index ETFs Rise On Syria Development

Ulli Market Commentary Contact

Wed pic

[Chart courtesy of MarketWatch.com]

The Dow and S&P 500 Index continued their recent upward drive, amidst easing concerns over possible U.S.-led military action against Syria, while the Nasdaq closed lower as Apple Inc’s biggest decline since April weighed on the index.

The Standard & Poor’s 500 Index advanced to a one-month high, the seventh straight winning session. Market nervousness abated as U.S. President Obama asked congressional leaders to delay a vote on authorizing military force to give the diplomatic efforts a chance. That has lessened some of the macro concerns out there as investors are rotating back towards the market.

In economic news, wholesale inventories rose 0.1% month-over-month in July, snapping a three month streak of declines, compared to the 0.3% growth forecasted by economists. Elsewhere, the MBA Mortgage Application Index fell 13.5% last week, after the index increased in the previous week. This drop came as a 28% tumble for the Refinance Index was accompanied by a 2.7% decline for the Purchase Index. The average 30-year mortgage rate rose 7 basis points (bps) to 4.80%.

Read More

7 ETF Model Portfolios You Can Use – Updated through 9/10/2013

Ulli Model ETF Portfolios Contact

As the chances of an engagement in Syria became less threatening, the markets did a turnaround, after having slid towards a possible bearish break of the domestic trend line. That did not happen, and the major indexes picked up steam with the S&P 500 gaining +2.68% since last week’s model ETF portfolio report.

Despite the ongoing volatility, low volatility ETFs, such as XLP and SPLV, in which we have positions, were surprisingly lagging, as they have for the past month. Bond ETFs, of course, as I mentioned before, have been the losers for this year and any portfolios containing them have been left behind.

While the recent bounce back was a welcome development after the August selloff, it remains to be seen if this trend can hold or if it turns into a dead cat bounce. It pays to be prepared for either scenario as historical market disasters seem to occur most often during September and October.

Here’s the latest ETF Model Portfolio update:

Read More

Bulls Win For 6th Straight Day

Ulli Market Commentary Contact

Tue pic

[Chart courtesy of MarketWatch.com]

Amid more upbeat global economic news and concerns over a U.S.-led strike on Syria continuing to wane, U.S. equities closed with solid gains as the S&P 500 advanced for the sixth straight session. Chinese economic data showed stronger-than-anticipated reads on industrial production, retail sales and lending activity, while Syrian Foreign Minister announced that the country has agreed to Russia’s proposal to put its chemical weapons under international control.

On the equity front, Goldman Sachs, Visa and Nike jumped more than 2.1 percent as the three companies will be added to the Dow Jones Industrial Average, replacing Bank of America, Hewlett-Packard and Alcoa.

Stocks registered the bulk of their gains during the opening hour after China’s industrial output rose 10.4 percent in August from a year earlier and the nation’s retail sales gained 13.4 percent. Both results exceeded economists’ estimates. Equities also climbed yesterday as China’s exports topped forecasts. Meanwhile, new developments about Syria reduced risk for financial markets.

Read More