ETFs/Mutual Funds On The Cutline – Updated Through 4/19/2013

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 322 (last week 346) 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. 62 ETFs (last week 72) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 772 (last week 815) above the line and 87 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 4/21/2013

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 4/21/2013.

Things started off very shaky as the major indexes took a steep dive on Monday, recovered on Tuesday only to be spanked again on Wednesday. Some stability returned to the markets as upward momentum during the past 2 trading days limited the damage. In the end, the S&P 500 gave back 2.14%, although it could have been a lot worse.

Disappointing earnings played a role along with the realization that we may have come too far too fast. Nevertheless, nothing would surprise me including a new attempt to break the S&P’s 1,600 milestone marker. After all, the Fed is still around and in business to provide the necessary ammunition via its open ended QE program to support the equity indexes.

Over past week, we covered the following:

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One Man’s Opinion: Has The Commodities Super-Cycle Ended?

Ulli Market Commentary Contact

92835431In global markets, there’s greater certainty about where the world economy is heading, but there’s no satisfaction in where it’s heading, feels John Lipsky, a professor at John Hopkins University and a former special adviser to the managing director of the International Monetary Fund.

Some economies, especially the Asian emerging economies, are doing well again, while some others are not. The IMF has called this a three-speed world economy and much of it is below where it ought to be, he added.

Asked about the immediate concerns that world finance chiefs, gathered for the G20 meeting in Washington now, should address, John said when the financial crisis had broken out in 2007, the leaders had said three things needed immediate attention. One, restore global economic growth; two, reform and repair the world financial system, and three, reform the international financial institutions – especially the International Monetary Fund.

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New ETFs On The Block: Credit Suisse Silver Shares Covered Call ETN (SLVO)

Ulli Income ETFs Contact

156288184To offset the downside risks of precious metals as prices come under increasing pressure, Credit Suisse has launched a silver exchanged traded note that aims to generate income through a covered call options strategy.

The Credit Suisse Silver Shares Covered Call ETN (SLVO) provides exposure to the iShares Silver ETF (SLV) and is the first exchange-traded product in the US to offer investors access to a covered call strategy on a silver investment. The ETN is designed to payout a variable monthly coupon and is the second precious metals covered-call strategy from Credit Suisse after GLDI, an ETN following a similar strategy on gold.

SLVO tracks the Credit Suisse Nasdaq Silver FLOWS 106 Index, where FLOWs stand for Formula Linked OverWrite Strategy. The index implements a rolling covered call investment strategy by retaining notional long position in the shares of iShares Silver ETF while selling monthly out-of-money call options on the same position. Investors of SLVO will be entitled to receive monthly variable payments based on the notional option premiums collected from the sale call options every month.

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04-19-2013

Ulli Newsletter Archives Contact

ETF/No Load Fund Tracker Newsletter For Friday, April 19, 2013

ETF/No Load Fund Tracker StatSheet

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

https://theetfbully.com/2013/04/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-04182013/

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Market Commentary

Friday, April 19, 2013

STOCK INDEXES GAIN, BUT IT REMAINS WORST WEEK OF 2013

Stocks entered the weekend on a mixed note. The major averages were able to pare early session losses and close the trading day higher. However, the Dow Jones Industrial Average lagged behind other indices. It added 10 points (0.1%) to 14,548; the Nasdaq Composite ascended 40 points (1.3%) to 3,206; and the S&P 500 Index was up 14 points (0.9%) to 1,555, but the gains weren’t enough to stop the S&P 500 from suffering its worst week since November.

Friday’s trading volume was the lowest of the week but in line with the average for the year. Much of Boston, home to a number of the country’s biggest mutual fund companies, was under virtual lockdown as police mounted house-to-house searches for the Marathon’s bombing suspect.

With the market rebounding broadly, seven of 10 sectors ended with gains of at least 1.0%. Energy, technology, and industrials were the only three sectors which lagged. The energy space ended flat as crude oil added 0.2% to $88.20. Tech shares were pressured by IBM’s disappointing earnings, despite Google and Microsoft beating earnings. The industrial space was the third notable laggard as General Electric weighed. GE shares fell 3.7% in the afternoon, trading just above its 200-day moving average after falling below that line intraday, because revenue was down a bit from last year and profit just met forecast. GE saw significant pressure as conditions weakened further in Europe with industrial segment revenues in the region down 17%.

The equity markets posted solid weekly declines as the S&P 500 endured its worst week of the year. The economic data this week painted a mixed picture, with regional manufacturing reports out of New York and Philadelphia showing expansion slowed for April, consumer and wholesale inflation data remaining tame, and jobless claims advancing higher.

Moreover, leading indicators declined for the first time since August 2012. Housing starts topped the one million mark for the first time since 2008, while building permits fell unexpectedly. Industrial production rose more than expected. The Fed Beige Book showed favorable economic conditions, highlighted by strength in housing construction and automobile sales.

International headlines also had major impact on the markets, as China’s Q1 GDP growth slowed unexpectedly. German investors’ and analysts’ confidence dropped lower than expected and speculation ramped up that the nation’s credit rating may be in jeopardy of a downgrade.

Additionally, earnings season took some of the attention off of the macroeconomic environment. Financials saw pressure following Dow members such as Bank of America Corp’s, Morgan Stanley’s, Goldman Sachs’ lackluster performances. Meanwhile, tech results were mixed, as upbeat reports from Microsoft and Google were met with softer-than-forecasted earnings earlier in the week from Intel and IBM.

Next week will be interesting as more big-name companies announce earnings. The market is getting very volatile at these levels and further disappointments could stall today’s solid rebound.

Our Trend Tracking Indexes (TTIs) slipped as downward momentum accelerated with all major indexes ending the week in red.

Here’s how we closed these volatile last five trading days:

Domestic TTI: +2.80% (last week +4.03%)

International TTI: +5.54% (last week +7.97%)

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 Dan:

Q: Ulli: If I follow one of your ETF model portfolios, I understand that I use MY stop losses, which are pegged to the highest price of the individual ETF since I have owned it.  That means that I may exit a particular ETF in one of your portfolios at a different time than your year-to-year chart shows.

What do I do once I have sold an individual ETF?

I no longer have the same holdings as you.

How would I know what to buy?

A: Dan: You are correct with your first paragraph…

Once you have sold, you can stay in cash, depending on market conditions, and re-purchase the same ETF once the old high, from which your sell stop was calculated, has been taken out again.

Or, you could purchase another fund/ETF depending on your risk tolerance. You can use my weekly StatSheet, which is published every Thursday, as a guide. The latest issue is posted here.

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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, April 19, 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/2013/04/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-04182013/

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Market Commentary

Friday, April 19, 2013

STOCK INDEXES GAIN, BUT IT REMAINS WORST WEEK OF 2013

Stocks entered the weekend on a mixed note. The major averages were able to pare early session losses and close the trading day higher. However, the Dow Jones Industrial Average lagged behind other indices. It added 10 points (0.1%) to 14,548; the Nasdaq Composite ascended 40 points (1.3%) to 3,206; and the S&P 500 Index was up 14 points (0.9%) to 1,555, but the gains weren’t enough to stop the S&P 500 from suffering its worst week since November.

Friday’s trading volume was the lowest of the week but in line with the average for the year. Much of Boston, home to a number of the country’s biggest mutual fund companies, was under virtual lockdown as police mounted house-to-house searches for the Marathon’s bombing suspect.

With the market rebounding broadly, seven of 10 sectors ended with gains of at least 1.0%. Energy, technology, and industrials were the only three sectors which lagged. The energy space ended flat as crude oil added 0.2% to $88.20. Tech shares were pressured by IBM’s disappointing earnings, despite Google and Microsoft beating earnings. The industrial space was the third notable laggard as General Electric weighed. GE shares fell 3.7% in the afternoon, trading just above its 200-day moving average after falling below that line intraday, because revenue was down a bit from last year and profit just met forecast. GE saw significant pressure as conditions weakened further in Europe with industrial segment revenues in the region down 17%.

Read More