ETF/No Load Fund Tracker Newsletter For Friday, May 31, 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/2013/05/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-05302013/

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Market Commentary

Friday, May 31, 2013

BEARS SHOW UP FOR THE SPANKING OF THE BULLS

It feels as if this is the beginning of a correction, as stocks ended the month of May with big losses, with the Dow Jones Industrial Average and Standard & Poor’s 500 Index posting their worst one-day drops since mid-April.

After moving between small losses and gains for most of the day, the stock market started to drift lower in afternoon trading. The sell-off accelerated in the final hour. The Dow lost 208 points (1.3%) to 15,116, the S&P 500 Index declined 24 points (1.4%) to 1,631, and the Nasdaq Composite descended 35 points (1.0%) to 3,456.

Today, there was both encouraging and disappointing news on the economy. Data showed consumer confidence advanced in May, improved 0.8 points to the highest level in almost six years. The full-month gain was 8.1 points, the most since October 2006. This argues for continued expansion in the current cycle.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 05/30/2013

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ETF/Mutual Fund Data updated through Thursday, May 30, 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 +3.91% as part of the post election rebound.

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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Stocks Up Because Of Negative Economic News…!

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Thur pic

[Chart courtesy of MarketWatch.com]

Somehow negative economic releases helped U.S. equities rise on Thursday, rebounding from the previous session’s losses, as tepid economic data eased concerns the Federal Reserve would begin to gradually scale back its policy of stimulating growth.

The Dow Jones Industrial Average gained 22 points (0.2%) to 15,325, the S&P 500 Index advanced 6 points (0.4%) to 1,654, and the Nasdaq Composite increased 24 points (0.7%) to 3,491.

Stocks opened with early gains with six of ten sectors ending in the black as financials and technology paced the broad market gains. Biotechnology constitutes a good portion of the health care sector, which outperformed its defensively-oriented peers. Another defensively-minded group, utilities, was up as much as 2.0% in early action before surrendering the bulk of its gains to settle up 0.2%.

The morning rally took place after NV Energy agreed to be acquired by Berkshire Hathaway’s MidAmerican for $23.75 per share, representing a 23.2% premium to yesterday’s closing price. Despite ending in the black, the utilities sector remains the weakest performer of the month, down 9.0%.

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Rising Bond Yields Take Down The Bulls

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Wed pic

[Chart courtesy of MarketWatch.com]

Despite a strong spate of earnings and merger news, U.S. equities gave back a large portion of yesterday’s gains. Stocks backed off today as high-yielding dividend stocks lost some of their luster after recent increases in U.S. Treasury bond yields.

Equities slipped out of the gate as sellers drove the major averages to their lows 90 minutes into the session. This marked the return of bargain hunters, who helped the Standard & Poor’s 500 Index return to its opening levels.

However, the relative weakness of several influential groups kept the benchmark average from regaining its flat line. The Dow Jones Industrial Average lost 107 points (0.7%) to 15,303, the S&P 500 Index declined 12 points (0.7%) to 1,648, and the Nasdaq Composite descended 21 points (0.6%) to 3,467.

Indexes made up of consumer staples, health care, telecommunications and utilities shares all ended with losses larger than 1.5%. The defensive sectors have led the gains in this year’s market rally as investors favored high-dividend stocks over fixed-income securities in a low interest-rate environment.

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7 ETF Model Portfolios You Can Use – Updated through 5/28/2013

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Downward momentum accelerated last week with the major indexes all ending in the loss column. The S&P 500 gave back some 0.53% since last week’s ETF Model Portfolio report was issued. It could have been a lot worse, but strong consumer confidence data pushed the dip buying crowd back into the market yesterday.

However, it wasn’t enough to make up for last week’s pullback, which affected all portfolios negatively. Even bond ETFs seem to be bouncing off a glass ceiling as fear of higher interest rates down the line has many of them heading closer to their trailing sell stops.

Remember to adjust your sell stops for the amount of dividends paid; otherwise you might be selling a bond ETF before its time. I will make the “high price” adjustments in the Sell Stop Tracking column as time goes on and will then enter the paid dividends as well.

Here’s the latest ETF Model Portfolio update:

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Bulls Climb Higher In Full Throttle

Ulli Market Commentary Contact

Tue pic

[Chart courtesy of MarketWatch.com]

Following a long holiday weekend, the U.S. Index ETFs rallied on Tuesday to push the stock market to record highs this year. After last week’s pullback, dipbuyers came back to life for the trading session in the wake of stronger-than-expected readings on housing prices and consumer sentiment.

Stocks trimmed a considerable portion off their highs but were able to post solid gains. The Dow Jones Industrial Average logged its 20th consecutive advance on a Tuesday. The Dow rose 106 points (0.7%) to 15,409 to close at another record, bouncing back from a loss the week before. The Standard & Poor’s 500 Index gained 10 points (0.6%) to 1,660, and the Nasdaq Composite increased 30 points (0.9%) to 3,489.

The big news of the day that gave the markets direction was the release of The Conference Board’s Consumer Confidence Index. The reading rose 7.2 points in May to 76.2, the highest level since February 2008, and above the consensus of 72.0. Over the last two months, confidence has gained 14.3 points, the biggest back-to-back increase since December 2011.

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