New ETFs On The Block: Advisorshares Pring Turner Business Cycle ETF (DBIZ)

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AdvisorShares, the Bethesda, Maryland-based funds provider of non-index tracking products, has announced the launch of the AdvisorShares Pring Turner Business Cycle ETF (DBIZ), an actively managed fund that seeks long-term growth and capital appreciation across different economic and market cycles through the application of business cycle, technical and fundamental analysis.

DBIZ will be managed by Pring Turner Capital Group, the Walnut Creek, California-based registered investment advisor recognized internationally for its application of proprietary business cycle research. The fund utilizes its business cycle research to proactively change asset allocations and sector-emphasis to optimize returns and minimize risks. DBIZ will invest in three primary asset classes comprising of stocks, bonds and commodities across a wide range of business sectors.

To achieve its investment objective, the fund may invest in US and foreign equity securities, including common and preferred stocks, corporate debt securities rated BBB and above, American Depository receipts, affiliated and unaffiliated exchange-traded funds, exchange-traded notes (ETNs), and cash and cash equivalents. DBIZ may invest in securities of any market sector and in any capitalization range as deemed necessary to achieve its investment objective.

ETF/No Load Fund Tracker Newsletter For Friday, December 21, 2012

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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-12202012/

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Market Commentary

Friday, December 21, 2012

INDEXES SLIDE AS HOUSE SCRAPS TAX VOTE; EUROPE SINKS

US equity indexes tumbled Friday, paring weekly gains, after House Republicans canceled a vote on higher taxes for top earners to avoid going over the fiscal cliff didn’t find enough support, sending budget negotiations deeper into turmoil.

The Congressional Budget Office forecasts a recession in the first half of the next year should the Congress and the White House fail to reach a deal.

On the economic news front, data released by the US government was positive Friday, especially a 0.7 percent hike in orders for durable goods in November. Separately, a Commerce Department report showed spending by US consumers rose 0.4 percent in November while personal income increased 0.6 percent in November, both figures coming in well above expectations.

Fiscal cliff worries, however, found their way into a gauge of consumer sentiment, dragging it down in December. The Michigan University/Thomson Reuters consumer sentiment index declined to 72.9, the lowest reading since January.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 12/20/2012

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ETF/Mutual Fund Data updated through Wednesday, December 20, 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 +1.83% 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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Equities Advance On Fiscal Cliff Hopes; Europe Little Changed As Optimism Fades

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[Chart courtesy of MarketWatch.com]

US equities firmed up Thursday with the S&P 500 rebounding from its worst slump in five weeks, as House Speaker John Boehner expressed optimism about reaching a deal with President Obama.

Sentiment also got a boost after third-quarter economic growth was revised higher at an annualized pace of 3.1 percent, much higher than the 1.3 percent rate recorded in the second quarter. Weekly jobless claims however rose by 17,000 to 361,000 in the latest week.

In other economic news, existing-home sales rose 5.9 percent in November to a seasonally adjusted annual rate of 5.09 million, data released by the National Association of Realtors showed. Another report by the Federal Reserve Bank of Philadelphia showed manufacturing activity in the Philadelphia region rebounded in December.

Republicans in Congress will vote later Thursday on Plan B, a Boehner’s version of raising taxes on incomes over $1 million aimed at preventing more than $600 billion in automatic tax hikes and spending cuts from coming into effect next year.

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Fiscal Cliff Regression As Negotiations Stall; Europe Rises On German Data

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[Chart courtesy of MarketWatch.com]

Stocks turned lower after a two-day rally, pulling the S&P 500 down from a two-month high, as negotiations to avert deep spending cuts and tax hikes hit a rocky patch, fuelling concerns the economy may go over the so-called fiscal cliff next year.

White House Communications Director Dan Pfeiffer said President Obama would veto a tax and spending proposal presented by House Speaker John Boehner since it would give millionaires a tax break of $50,000 while eliminating tax cuts that 25 million households and students depend on.

Investors seemed to ignore the latest warning from ratings agency Fitch earlier in the day, which reiterated it may strip the US of its AAA rating if the stalemate over budget negotiations continued and politicians failed to strike a deal on increasing the debt ceiling.

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7 ETF Model Portfolios You Can Use – Updated through 12/18/2012

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Hope, that a compromise to the fiscal cliff issue will be soon forthcoming, proved to be a powerful driver, which propelled the major market indexes to another 1.3% gain (S&P 500) since last week’s ETF model portfolio report.

Especially the past two trading days have seen the averages go vertical, which makes me wonder if this will a confirmation of the old adage “buy the rumor, sell the fact.” It remains to be seen if these out-of-economic-reality market levels can be sustained should the fiscal cliff be avoided.

Needless to say that in this environment balanced portfolios are lagging, with #5 leading the pack to the upside due to its 100% equity exposure. Again, you can’t measure portfolio performance just during a brief up period, but you need to combine a bullish and a bearish cycle in order to make your evaluation.

Here’s the latest update of our ETF Model Portfolios:

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