Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 05/09/2013

Ulli ETF StatSheet, Uncategorized Contact

ETF/Mutual Fund Data updated through Thursday, May 9, 2013

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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 +4.72% 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 into my blog for the latest updates.

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Record Runs End; Major Index ETFs Finish In Red

Ulli Market Commentary Contact

Thur pic

[Chart courtesy of MarketWatch.com]

The winning streak came to an end on Thursday, as major U.S. indices closed the trading day in negative territory with currency exchange rates grabbing headlines. The market did overcome early morning lows in the wake of some mixed economic data from both sides of the pond.

The Dow Jones Industrial Average was 22 points lower at 15,083, the Standard & Poor’s 500 Index decreased 6 points to 1,627, and the Nasdaq Composite lost 4 points to 3,409.

The first big news of the day was the jobless claims number. Initial claims for unemployment insurance fell 4,000 last week to 323,000, the lowest level since January 2008, and below the consensus of 335,000. The four-week average of claims fell 6,250 to 336,750, the lowest level since November 2007, indicating a steady downward trend in firings. A level below 400,000 is consistent with moderate payroll growth.

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Sell in May? Not in This Bull Market… Not Yet

Ulli Market Commentary Contact

Wed pic

[Chart courtesy of MarketWatch.com]

The market was able to overcome early losses, and closed the trading day higher, supported by China posting a wider-than-projected trade surplus and an unexpected rise in industrial production out of Germany.

Both the Dow and S&P posted new closing highs. The gains came a day after the Dow closed above 15,000 for the first time ever. On the equity front, Dow member Walt Disney reported fiscal 2Q earnings of $0.79 per share, two cents above the consensus estimate, as revenues rose 10% year-over-year to $10.6 billion, compared to the $10.5 billion that forecasted. Fellow Dow component McDonald’s was traded lower in the wake of its mixed April sales report.

Due to lack of significant domestic economic data, stocks were driven by news from overseas. The market moved higher in the wake of a stronger-than-expected trade report from China, which eased concerns about a slowdown for the world’s second-largest economy.

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

Ulli Model ETF Portfolios Contact

No news is good news, good news is good news and bad news is good news; that’s what it would seem like to an outside observer of the markets. And there is a lot of truth to it, as we no longer have true economic realities represented by the major market indexes. As I posted many times, the almighty Fed determines the direction of the indexes via its open ended stimulus efforts.

Yet, as investors tracking the major trends in the market place, it does not really matter what causes this relentless upward momentum, as long as it exists. We follow the trend on the basis that it will end at sometime and reverse, at which moment we will utilize our trailing sell stops to exit and lock in unrealized gains.

The last week was a repeat of the prior one with the S&P 500 adding another +1.82%, since the last ETF Model Portfolio report was published.

Here’s the latest update:

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Nothing To Slow It Down; Bulls Push Dow Above 15,000

Ulli Market Commentary Contact

Tue pic

[Chart courtesy of MarketWatch.com]

Stocks continued their winning streak Tuesday as the Nasdaq and the Standard & Poor’s 500 Index logged their 11th up day in the past 13 sessions. The blue chip Dow Jones industrial average rose 0.6% (87 points) to 15,056, closing above the 15,000 mark for the first time ever, the S&P 500 Index increased 8 points (0.5%) to 1,626, notching its own record close, and the Nasdaq Composite gained 4 points (0.1%) to 3,397.

Among the seven industry groups within the transportation sector, air freight and shipping did best. The Dow Jones transportation average led with a 1.6% gain. Volume grew on both major exchanges vs. Monday’s trade. 630 million shares were traded on the NYSE, and 1.7 billion shares changed hands on the Nasdaq.

Similar to yesterday, with the absence of notable economic data, earnings shaped the early price action followed by a surprising rate cut from the Reserve Bank of Australia (RBA). The central bank cut its benchmark interest rate by 25 bps to a record low of 2.75%, noting that it has decided to use some of the scope that the inflation outlook has afforded to ease further. The Bank of England will probably leave its stimulus program on hold this week amid signs the economy has found a firmer footing. Moreover, an unexpected jump in March German factory orders gave global stocks a boost to set the tone for trading today.

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SPY Closes At Record Again On Lack Of Positive News

Ulli Market Commentary Contact

Mon pic

[Chart courtesy of MarketWatch.com]

The Standard & Poor’s 500 Index extended its record level on Monday to kick-off the week. Stocks traded in a tight range and ended mixed but the Nasdaq outperformed again, thanks to another strong showing from Apple.

During the session, the S&P 500 also reached an all-time intraday high of 1,619.77. In moderate volume which came in about 13% lower than Friday’s levels, 612 million shares were traded on the NYSE, and 1.5 billion shares changed hands on the Nasdaq.

Financial stocks rallied the most out of 10 S&P 500 groups, as Bank of America Corp. climbed 5.2 percent. Cliffs Natural Resources Inc. added 5.5 percent after being raised to outperform from market perform by FBR Capital Markets. Humana Inc. (HUM) added 2.1 percent as its rating was boosted by JPMorgan Chase. Bank of America announced it would settle claims with MBIA for $1.6 billion, lifting shares of both companies.

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