ETF/No Load Fund Tracker Newsletter For Friday, July 27, 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/2012/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07262012/

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Market Commentary

Friday, July 27, 2012

EQUITY ETFS SURGE FOR SECOND STRAIGHT DAY ON EUROPE HOPE; EWP VAULTS, VIXY IN THE TANK

US stocks rallied for the second consecutive day on Friday, finishing the week higher on hopes the European politicians will take measures to prevent the sovereign crisis from spiraling out of control.

Especially ECB president Draghi’s chest pounding announcement that “believe me, it will be enough,” as he discussed bond buying options, along with rumors of a banking license for the yet to be approved/funded ESM, put the fear into the bearish crowd. The end result was a 2-day rally which just about had everyone covering their shorts, which brings up the interesting question as to what will happen once reality sets in after the jawboning effect wears off?

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 07/26/2012

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ETF/Mutual Fund Data updated through Thursday, July 26, 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 broken above its long term trend line (red) by +2.39%. A break back below it will generate a Sell signal to move out of all domestic equity positions. Be sure to tune into my blog for the latest updates.

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US Stocks Surge On Draghi’s Euro Pledge; EWP Flies, VIXY Crashes

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[Chart courtesy of MarketWatch.com]

US stocks rallied Thursday after European Central Bank President Mario Draghi said in London the central bank will do whatever is required to preserve the euro, boosting investor sentiment. The timing of his announcement was perfect, as there was no opposing view with German chancellor Merkel having gone on vacation, which may make the effect on the market ephemeral in nature.

Risk appetite strengthened further as durable goods order rose faster at 1.6 percent in June than the 0.3 percent that analysts had projected. US Labor Department data showed first time unemployment-benefit claims fell 35,000 to 353,000 last week against economists’ projection of 381,000.

Everything however was not hunky-dory, as data provided by the National Association of Realtors showed the index of pending resale homes dropped 1.4 percent in June, indicating some weakness in the housing market.

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Riding The Range: US Indexes End Mostly Lower On Weak Earnings; IGN Jumps

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[Chart courtesy of MarketWatch.com]

US market indexes finished mostly lower today with the Dow Industrials snapping its three-day long losing streak and held up by gains of AT&T and Boeing, while the S&P 500 tanked for the fourth straight session, and the tech-heavy NASDAQ tripped by biggest-component Apple’s rare earnings miss.

The Dow Jones Industrial Average (DJIA) closed 59 points higher, with 19 stocks within the blue-chip index’s 30 components closing up.

The S&P 500 Index (SPX) was off 0.5 points to finish fractionally lower with technology lagging the most and telecommunications outgunning others among its 10 business groups.

US Treasuries fell after three days of gains as the allure of safe-haven assets faded amid speculations/hope Europe will augment its fire-fighting capacity to contain the sovereign debt crisis.

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7 ETF Model Portfolios You Can Use – Updated through 7/24/2012

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It’s been a rollercoaster month, and the last week was no exception. The S&P 500 gave back some 1.9% and is now negative for July.

Europe’s debt crisis seems to be worsening by the day as Spain and Italy both appear in dire straits with the Spain FinMin having travelled to Germany to visit his counterpart, tin cup in hand, asking for a “temporary” bridge loan. Sure, as if there is such a thing as “temporary” in today’s debt stricken society where clearly liquidity is not the main problem but solvency is.

Additionally, weak economic reports and, just yesterday, disappointing results from Apple and Netflix may very well keep the current slide going until the savior Bernanke puts some major QE on the table. While that may not change the ultimate outcome (debt that can’t be paid will be defaulted on), at least Wall Street’s QE addicts may continue to cling on to hope that it does.

In the meantime, here’s the latest model portfolio update:

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US Equites Head South As Greece Takes Center Stage Again; VIXY Vaults, EWP Sinks

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[Chart courtesy of MarketWatch.com]

US equities headed south again, extending losses for the third straight day amid fresh concerns over Greece at a time when its bigger neighbors Spain and Italy are clearly heading for trouble.

The “troika” of the International Monetary Fund, the European Council and the European Central Bank reached Athens amid speculations that the country will miss its deficit-reduction target attached to the rescue-package and may have to restructure debts worth €200 billion.

Domestically, Tuesday’s weak Richmond Federal Reserve manufacturing data and a spate of recent uninspiring corporate earnings numbers didn’t help stocks either.

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