US Equities End Mixed As Spain Takes Center Stage; GAZ Rises, EWP Sinks

Ulli Market Review Contact

US equities finished mixed Monday with the Dow Industrials wavering as relief over the win of pro-bailout parties in Greece, which diminishes an imminent exit for Athens greatly, proved short lived.

Spanish 10-year borrowing costs hit a euro-era high, breaching the seven percent level that ultimately forced the Dow lower for the day.

Amid speculations that the Federal Reserve will extend its monetary stimulus program over signs of slowdown in the world’s biggest economy, yield on 30-year Treasury bonds dropped to least in more than a week ahead of the central bank’s two-day policy meeting.

Read More

ETFs/Mutual Funds On The Cutline – Updated Through 6/15/2012

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 219 (last week 216) 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. 36 ETFs (last week 33) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 551 (last week 521) above the line and 310 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 6/17/2012

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 6/17/2012.

To heck with the economic data points for the week which, without exception, were simply awful as every one of them came in below expectations.

Well, these days that’s a good thing, as it simply increases hope for another stimulus program due out when the Fed meets next week. Whether they will or not, it is priced in the market and any disappointing Fed announcement will have severe repercussions, as we have reached market levels that are simply not sustainable based on fundamentals.

This week, we covered the following:

Read More

“Bernanke Has Limited Options To Stimulate Growth;” Chief Investment Officer, Strategic Group

Ulli Market Review Contact

What are the tools available to Federal Reserve Chairman Ben Bernanke to stimulate growth/avoid a double-dip recession in case the European crisis worsens?

In his latest testimony before the US Congress Bernanke claimed the Fed has options available to accelerate the economy. Lincoln Ellis, the Chief Investment Officer for the Strategic Group however, begs to differ and feels there are few fiscal or monetary options available to the Fed Chairman.

There seems to be a tug-of-war going on between Europe and Asia. The latest 0.25 percent deposit and lending rate cut by the People’s Bank of China bodes well for the markets, though it doesn’t necessarily indicate that the Chinese central bank is overly worried about a so-called “hard landing,” because the rate cuts would have been much faster and deeper in that case.

There’s nothing more of great significance in terms of monetary policy the US Federal Reserve could be doing. They have gone all-out to limit the slow down effects on the economy, and it’s now a matter of time before things start to move up. No amount of fiscal or monetary policy will boost the economy unless the global imbalances work their way through the system, particularly in terms of labor, production and the all important consumption.

Read More

New ETFs on the block: North American Oil Sands ETF (SNDS)

Ulli Oil ETFs Contact

Sustainable Wealth Management is the latest entrant into the North-American oil sands market, launching their first ETF, the Sustainable North American Oil Sands ETF (SNDS) that gives investors broad exposure in to the space.

SNDS seeks to track the Sustainable North American Oil Sands Index, a benchmark that comprises of companies with operations in oil exploration, production, refining, transportation and storage. Depending upon the depth of the market, the underlying index may consist of up to 40 US or Canada based companies, allocating equal weights to each.

The benchmark only considers companies that trades on a North American exchange and have achieved at least $5 million in average trading volumes in the last 100 days. Some of the components of the ETF are large reputable companies such as Exxon Mobil, Conoco Phillips, marathon, Chevron etc. that are engaged in more traditional exploration and refining activities. The fund also holds ADRs of giant multinationals like Royal Dutch Shell, PetroChina, Statoil and Total.

Read More

ETF/No Load Fund Tracker Newsletter For Friday, June 15, 2012

Ulli ETF Tracker, Uncategorized Contact

ETF/No Load Fund Tracker StatSheet

————————————————————-

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

https://theetfbully.com/2012/06/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-06142012/

————————————————————

Market Commentary

Friday, June 15, 2012

STOCKS RISE ON FED STIMULUS HOPES; RWG POPS, CVOL SINKS

US stocks finished higher Friday, capping two consecutive weekly gains for the first time since April on further stimulus hopes from the Federal Reserve and central banks around the world, if needed, following Greek elections over the weekend.

Wall Street traders are now displaying Pavlovian dog behavior waiting for the bell to ring in order to be served another helping of stimulus food, so economic realities can be overlooked, and the rally can go on.

All economic data points over the past week showed a weakening economy, which is a good thing for the perverse thinkers on Wall Street, as it enhances the chances of getting the spiked punch bowl back. In my mind, every stimulus package of the past has had a lesser effect than the next one, which makes me wonder what ammunition is really left in the Fed’s bag to satisfy traders’ insatiable appetite for more. And what happens if the Fed does not play ball next week?

Read More