ETFs/Mutual Funds On The Cutline – Updated Through 7/12/2013

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 304 (last week 263) 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. 55 ETFs (last week 42) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 802 (last week 756) above the line and 57 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.

One Man’s Opinion: Will The Fed Taper Asset Purchases In December?

Ulli Market Commentary Contact

92835431We have to look at the minutes and the question-answer portion of his presentation that he gave a couple of hours later in Boston as part of the NBER summer institute separately, says Brian Jacobsen, Chief Portfolio Strategist at Wells Fargo Fund Management.

When it comes to the minutes, there are two important things to look into. First, they were looking at the mortgage markets to find out the effect of higher interest rates on the housing market. The FOMC members seem to have dismissed the effect of higher mortgage rates on housing since housing application numbers didn’t fall significantly. But data released after the June 19 meeting showed mortgage applications actually plummeted as a result of higher interest rates. So, they probably have to do a rethink on the effect these higher rates are going to have on the housing market, he noted.

The second aspect that was in the minutes was actually what was not in the minutes; the 7 percent limit that the chairman had set at the press-conference afterwards saying that they are hoping to wrap up the assets purchase program by the time the unemployment rate hits 7 percent, which wasn’t in the minutes. So it is not a firm commitment by the Fed to actually wrap things up when the economy gets to that sort of unemployment rate, Brian said.

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New ETFs On The Block: SPDR Russell 2000 ETF (TWOK)

Ulli Equity ETFs Contact

94177589State Street Global Advisors, the Boston, MA-based second largest issuer of exchanged-traded products with $328 billion in ETF assets, has launched the SPDR Russell 2000 ETF (TWOK). TWOK is a small-capitalization company focused equity fund and is set to rival the iShares Russell 2000 ETF (IWM) and the Vanguard Russell 2000 ETF (VTWO).

TWOK tracks the Russell 2000 Index, arguably the most popular small capitalization benchmark that many consider to be a barometer of small-cap performance in America. The index is a subset of the Russell 3000 Index and with approximately 2000 securities represents about 10 percent of the total market-cap of the former.

Needless to say, the vast number of constituents in the index results in a much diversified exposure. As of March 31, 2013, the index was comprised of 1,952 securities. The index is reconstituted completely every year to ensure larger stocks don’t distort the risk-reward characteristics of the benchmark.

The fund is well diversified across sectors and should appeal to investors who prefer wider exposure in the economy. No single constituent exceeds 0.33 percent of the total holding of the fund, thus minimizing nonsystematic/company specific risks.

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07-12-2013

Ulli Newsletter Archives Contact

ETF/No Load Fund Tracker Newsletter For Friday, July 12, 2013

ETF/No Load Fund Tracker StatSheet

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

https://theetfbully.com/2013/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07112013/

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Market Commentary

Friday, July 12, 2013

VOLATILE FRIDAY BUT STOCKS END WEEK IN RECORD HIGH

U.S. equities ended the week in volatile fashion but managed to advance for a seventh day, extending a record for the Standard & Poor’s 500 Index, despite head winds for Boeing and United Parcel Service, a downgrade of France’s credit rating and disappointing U.S. economic data.

The Dow Jones Industrial Average closed 3 points higher at 15,464, the S&P 500 Index increased 5 points (0.3%) to 1,680, and the Nasdaq Composite gained 22 points (0.6%) at 3,600.

Quarterly earnings were in focus this morning after Dow member JPMorgan Chase & Co and Wells Fargo & Co both reported stronger-than-forecasted results, while UPS released 2Q earnings guidance that missed estimates. Both banks reported bottom-line beats on in-line revenues.

However, JPMorgan Chase saw a 7.0% quarter-over-quarter decrease in mortgage originations while Wells Fargo reported a 2.7% increase. The results provided support for other bank shares, and the financial sector settled atop the sector leader board with a gain of 0.5%. Discretionary shares also outperformed the broader market as online retailers displayed strength. However, there were negatives as well.

On the downside, the industrial sector was pressured by the underperformance of two large components. United Parcel Service fell 5.8% after issuing cautious second quarter and full year earnings guidance due to a slowing U.S. industrial economy.

In addition, Dow component Boeing tumbled on heavy volume after a fire took place aboard a 787 Dreamliner at London’s Heathrow Airport. Shortly after the news broke, separate reports indicated a Florida-bound 787 was forced to return to its home port in Manchester, U.K. due to a technical issue. The materials sector also finished among the laggards after pacing yesterday’s advance.

Today’s economic data revealed the largest increase in producer prices since September 2012 due to an unexpected jump in energy prices. The Producer Price Index rose 0.8% in June and more than the consensus of 0.5%. Energy prices rose 2.9%, led by gasoline. Food prices advanced 0.2%.

Elsewhere, Consumer Sentiment Index slipped 0.2 points to 83.9 in the preliminary July reading, contrary to expectations for a slight uptick to 84.7. Even so, the index remains near its highest level since the summer of 2007, and its six-month average continues to advance, indicating a positive trend in sentiment.

For the week, the S&P 500 scored its best weekly performance since January and a third consecutive week of gains. The S&P 500 gained 3 percent, while the Dow rose 2.2 percent and the Nasdaq climbed 3.5 percent. The continuation of the upward trend came courtesy of Dow member Alcoa unofficially kicking off 2Q earnings season in positive fashion, while concerns about an expedited pullback in stimulus measures eased.

Our Trend Tracking Indexes (TTIs) closed the week as follows:

Domestic TTI: +3.13% (last week +1.24%)

International TTI: +6.29% (last week +3.70%)

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 Jeff:

Q: Ulli: Just wondering when you were going to add new positions to your model portfolios?

A: Jeff: Either on a trend line break to the upside or, once the old highs, from which the sell stops are calculated, have been taken out. I described that in my latest e-book. In case you missed it, you can download it 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, July 12, 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/2013/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07112013/

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Market Commentary

Friday, July 12, 2013

VOLATILE FRIDAY BUT STOCKS END WEEK IN RECORD HIGH

U.S. equities ended the week in volatile fashion but managed to advance for a seventh day, extending a record for the Standard & Poor’s 500 Index, despite head winds for Boeing and United Parcel Service, a downgrade of France’s credit rating and disappointing U.S. economic data.

The Dow Jones Industrial Average closed 3 points higher at 15,464, the S&P 500 Index increased 5 points (0.3%) to 1,680, and the Nasdaq Composite gained 22 points (0.6%) at 3,600.

Quarterly earnings were in focus this morning after Dow member JPMorgan Chase & Co and Wells Fargo & Co both reported stronger-than-forecasted results, while UPS released 2Q earnings guidance that missed estimates. Both banks reported bottom-line beats on in-line revenues.

However, JPMorgan Chase saw a 7.0% quarter-over-quarter decrease in mortgage originations while Wells Fargo reported a 2.7% increase. The results provided support for other bank shares, and the financial sector settled atop the sector leader board with a gain of 0.5%. Discretionary shares also outperformed the broader market as online retailers displayed strength. However, there were negatives as well.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 07/11/2013

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Thursday, July 11, 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 +3.14% after briefly dipping below it late in June.

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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