ETFs/Mutual Funds On The Cutline – Updated Through 12/14/2012

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 341 (last week 342) 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. 79 ETFs (last week 78) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 673 (last week 723) above the line and 186 below it out of the 861 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 12/16/2012

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 12/16/2012.

A minor upside breakout was quickly rebuffed as worry and lack of progress about the impending Fiscal Cliff kept the markets in a tight range with the S&P 500 giving back 4 points for the week.

Nothing was resolved that could put some smiles on the bullish crowd and, with recess looming next Tuesday, if this weekend does not bring the parties’ estranged views closer together, we will be sliding off the cliff come January.

However, if a sharp market pullback packs enough punch, it might just be enough to get the warring factions back to the negotiating table and create a retroactive solution. I am not sure whether that will happen, but the possibility exists. In the meantime, all bets are off as it is totally unknown, although widely opined, as to what market reaction might be.

A cautious investment stance is your best course of action.

Over past week, we covered the following:

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One Man’s Opinion: Is The European Recession Continuing?

Ulli Market Commentary Contact

The recession in the peripheral countries of Europe are continuing and have affected the core, says Nouriel Roubini, Nobel Laureate economist and chairman of Roubini Global Economics.

France and Germany have slowed down since their major markets, the peripheral Europe and Asia, including China, have witnessed slowdowns. The eurozone recession – fed by fiscal austerity, a strong euro, a bank credit crunch in the periphery, and lack of business and consumer confidence, will continue in 2013, he noted.

Asked if he agrees with The Financial Times’ choice of Mario Draghi as the person of the year, Roubini answered in the affirmative. By last summer, the eurozone faced the prospect of complete disintegration and Draghi, through his OMT announcements, reduced those tail risks.

Today, the risk of Italy and Spain losing debt market access is lower. The probability of Greece leaving the currency bloc has also come down temporarily. That being said, the fundamental problems in the eurozone, which includes lack of growth, recession, high private and public debt, lack of competitiveness, lack of structural reforms and issues of debt sustainability, still remain unresolved, he noted.

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New ETFs On The Block: ProShares Merger ETF (MRGR)

Ulli Uncategorized Contact

ProShares, the Bethesda, Maryland-based premier provider of alternative ETFs and the world’s largest provider of geared (leveraged and inverse) exchange traded funds, has announced the launch of a merger-arbitrage ETF this week.

The ProShares Merger ETF (MRGR), the firm’s 13th launch this year, is listed on the BATS exchange and would compete with IndexIQ’s ARB Merger Arbitrage ETF (MNA).

MRGR will track the S&P Merger Arbitrage Index, a benchmark that holds up to 40 publicly announced deals within developed market countries through a combination of long and, in certain cases, short security positions, denominated in local currencies.

Additionally, the deal value (cash plus stock) will have to be at least half a billion dollars and average daily trading value must reach two million over the past three months for liquidity calculations.

The index provides exposure to a global merger arbitrage strategy and seeks to capture the spread between the price at which the stock of a company (the “target”) trades at after an offer has been made and the actual deal price that has been offered to the target’s shareholders and the management by the acquiring company.

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ETF/No Load Fund Tracker Newsletter For Friday, December 14, 2012

Ulli Market Commentary Contact

ETF/No Load Fund Tracker StatSheet

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

https://theetfbully.com/2012/12/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-12132012/

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Market Commentary

Friday, December 14, 2012

US EQUITIES STUMBLE AS BUDGET STALEMATE CONTINUES; EUROPE EDGES LOWER

Equities ended lower Friday as the stalemate over federal budget negotiations overshadowed a rise in industrial production and upbeat economic data showing China’s manufacturing may expand at a faster pace.

The Dow industrials and the S&P 500 ended their longest weekly winning run since August despite economic data beating estimates in the US. Industrial production jumped 1.1 percent in November, the most in two years, a Federal Reserve report showed Friday, although economists attributed the better-than-expected rise in manufacturing to Hurricane Sandy.

Separately, a Commerce Department report showed consumer prices fell 0.3 percent in November while core CPI, which excludes more volatile components like food and gas, edged up 0.1 percent. The 0.3 percent drop is slightly higher than the 0.2 percent decline most economists had forecast. The numbers indicate inflation remain tame and are positive in keeping the Fed on track for further stimulus.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 12/13/2012

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Wednesday, December 13, 2012

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

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 +1.56% after recently having dipped slightly below it.

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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