ETFs/Mutual Funds On The Cutline – Updated Through 5/10/2013

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 342 (last week 354) of them 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 93 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. 72 ETFs (last week 73) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 827 (last week 824) above the line and 32 below it out of the 859 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.

Last Week In Review: ETF News And Blog Posts To 5/12/2013

Ulli Market Review Contact

In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 5/12/2013.

Slow and steady was last week’s theme as the major indexes were bouncing along new lifetime highs. In the end, the S&P 500 added some 1.2% to close at 1,634.

Seems like the magic 1,600 marker is already in the rear view mirror as this bull continues to strut its stuff, thanks to the endless Fed contributions via their open ended QE program which, realistically, is the only reason the indexes are hovering in nosebleed territory.

Nevertheless, the trend is up, and we’ll continue to follow its path until a reversal becomes apparent at which time we will rely on our trailing sell stops to give us the signal to step aside.

Over past week, we covered the following:

Read More

One Man’s Opinion: Will The Fed Slow Down Easing Before The First Quarter Of 2014?

Ulli Market Commentary Contact

92835431The Fed isn’t going to cease to inject liquidity until the first quarter of 2014 at the soonest, says Troy Gayeski, Senior Portfolio Manager at Skybridge Capital. Also, the Federal Reserve will not hike interest rates until end of 2014, early 2015. The more important recent catalyst, however, has been Japan’s aggressive monetary easing. That’s one reason why most hedge funds believe asset prices are going to inflate, he added.

Asked to comment about the market’s perception of tail risks and the measures needed to protect from the downsides, Troy said most hedge funds that run fixed-income portfolios tend to be duration neutral, which has been a bad strategy for the last 30 years.

However, at this stage of the cycle – with interest rates so low, it seems logical to be short duration. Though it’s a money losing trade, it seems to be a very good cost-benefit for guys who wish to hedge front-end risks if the Fed were to hike rates. No one expects the Fed to surprise the markets, but if it costs five or 10 basis points a month or a quarter to hedge a significant rate rise, then why not, he argued.

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New ETF On The Block: Powershares Fundamental Emerging Markets Local Debt Portfolio (PFEM)

Ulli Emerging Markets ETFs Contact

156288184PowerShares, the Wheaton, Il-based exchange traded fund issuing arm of Invesco Ltd, has launched the PowerShares Fundamental Emerging Markets Local debt Portfolio (PFEM).

The fund employs a fundamental strategy instead of the more traditional market capitalization weighted approach, and is linked to Rob Arnott’s Research Affiliates’ fundamental indexing methodology. PFEM will passively track the underlying index, but the benchmark is a kind of rules-based index that closely follows actively managed strategies.

The fund will track the Citi RAFI Bonds Sovereign Emerging Markets Extended Local Currency Index, which screens the underlying holdings based on four fundamental screens: a country’s population, GDP, land area and energy consumption. This investment approach breaks the link between portfolio weight and under- or over-valuation, creating the potential for a more efficient portfolio, claims the fund manager.

Read More

05-10-2013

Ulli Newsletter Archives Contact

ETF/No Load Fund Tracker Newsletter For Friday, May 10, 2013

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-05092013/

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Market Commentary

Friday, May 10, 2013

THE WEEK OF RECORDS

After enduring a choppy session, stocks settled higher to end the week with a gain despite a surge in the U.S. dollar and Federal Reserve Chairman Ben Bernanke’s speech offering no new revelations on the end date of the Fed’s asset purchase program.

The Dow Jones Industrial Average closed higher by 36 points (0.2%) at 15,118, the Standard & Poor’s 500 Index increased 7 points (0.4%) to 1,634, and the Nasdaq Composite ascended 22 points (0.8%) to 3,437. In light volume, almost 5.7 billion shares traded hands on U.S. exchanges today, or 9 percent below the three-month average.

The market rallied for a third straight week, amid optimism that the U.S. economy is improving caused by central-bank monetary stimulus. Without any major economic releases, traders and investors paid some attention to Fed Chairman Ben Bernanke’s speech to the Chicago Fed’s annual conference on bank structure and competition.

During his remarks, Bernanke mentioned that U.S. economy has not yet fully regained the jobs lost in the recession, and the financial system—despite significant healing over the past four years—continues to struggle with the economic, legal, and reputational consequences of the events of 2007 to 2009. The Fed Chief ensured that the Central Bank would continue to work toward improving its ability to detect and address vulnerabilities in our financial system. However, he did not offer any insight into the topic of the Fed tapering off its assets purchases, which speculation surrounding the idea has gained steam as of late and boosted the US dollar.

Oil prices tumbled as the U.S. dollar hit a four and a half year high against the yen and the dollar index was on track for its strongest week against other major currencies in 10 months. A strong dollar makes commodities priced such as gold and oil more expensive for foreign investors, pressuring shares of energy and basic materials companies.

The Dow and S&P 500 ended at record highs on Friday as a rise in Google and other technology shares offset a slide in energy stocks. For the week, the Dow rose 1 percent, the S&P 500 1.2 percent and the Nasdaq 1.7 percent.

With no domestic economic news of note, the markets relied on international events for directions. Positive monetary policy coming from Europe, along with a wider-than-expected trade surplus from China, stocks ended higher four out of five sessions this week. The S&P 500 climbed to new record highs in all four sessions, and the Dow broke through 15,000 for the first time. With U.S. consumer and China data to headline next week, it’ll be interesting to see if the Bull Run can continue?

Our Trend Tracking Indexes (TTIs) headed higher with the market indexes and closed the week as follows:

Domestic TTI: +4.56% (last week +4.30%)

International TTI: +9.30% (last week +8.62%)

Have a great week.

Ulli…

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READER Q & A FOR THE WEEK

All Reader Q & A’s are listed at our web site!
Check it out at:

http://www.successful-investment.com/q&a.php

A note from reader Ed:

Q: Ulli: What are your thoughts on the PRPFX Fund with gold having dropped so fast??

A: Ed: I don’t own it, since it is hovering below its long-term trend line. There are far better opportunities in low volatility ETFs.

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WOULD YOU LIKE TO HAVE YOUR INVESTMENTS PROFESSIONALLY MANAGED?

Do you have the time to follow our investment plans yourself? If you are a busy professional who would like to have his portfolio managed using our methodology, please contact me directly or get more details at:

https://theetfbully.com/personal-investment-management/

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Back issues of the ETF/No Load Fund Tracker are available on the web at:

https://theetfbully.com/newsletter-archives/

ETF/No Load Fund Tracker Newsletter For Friday, May 10, 2013

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/2013/05/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-05092013/

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Market Commentary

Friday, May 10, 2013

THE WEEK OF RECORDS

After enduring a choppy session, stocks settled higher to end the week with a gain despite a surge in the U.S. dollar and Federal Reserve Chairman Ben Bernanke’s speech offering no new revelations on the end date of the Fed’s asset purchase program.

The Dow Jones Industrial Average closed higher by 36 points (0.2%) at 15,118, the Standard & Poor’s 500 Index increased 7 points (0.4%) to 1,634, and the Nasdaq Composite ascended 22 points (0.8%) to 3,437. In light volume, almost 5.7 billion shares traded hands on U.S. exchanges today, or 9 percent below the three-month average.

The market rallied for a third straight week, amid optimism that the U.S. economy is improving caused by central-bank monetary stimulus. Without any major economic releases, traders and investors paid some attention to Fed Chairman Ben Bernanke’s speech to the Chicago Fed’s annual conference on bank structure and competition.

During his remarks, Bernanke mentioned that U.S. economy has not yet fully regained the jobs lost in the recession, and the financial system—despite significant healing over the past four years—continues to struggle with the economic, legal, and reputational consequences of the events of 2007 to 2009. The Fed Chief ensured that the Central Bank would continue to work toward improving its ability to detect and address vulnerabilities in our financial system. However, he did not offer any insight into the topic of the Fed tapering off its assets purchases, which speculation surrounding the idea has gained steam as of late and boosted the US dollar.

Read More