ETF/No Load Fund Tracker Newsletter For Friday, June 29, 2012

Ulli Market Commentary 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-06282012/

————————————————————

Market Commentary

Friday, June 29, 2012

EXUBERANCE RULES ON EU PLAN FOR SPANISH LENDERS — BUT WILL IT LAST?

US stocks soared Friday with the Dow recording its biggest monthly gain in 2012 as European leaders struck a ground-breaking deal to bolster the economies of the affected members, pushing all the three major indexes up by more than five percent in the first-half of the year. Supporting the rally were short covering and quarter ending window dressing.

EU leaders agreed to ease lending conditions for Spain’s struggling banks and relaxed terms of possible help for Italy while consenting to a $149 billion economic growth plan for the single-currency region. At this point, it’s all euphoria, as we’ve seen before, and it remains to be an open question if this plan not only has merits but can actually be implemented.

One analyst succinctly stated that “for now, party on and turn that hourglass over as more time has been bought, but only the symptoms are being fought as the underlying disease of excessive debt and lack of growth still remains.” Well said. Next week will show if this “surprise” announcement has the depth to alleviate the uncertainty that have gripped global markets.

Read More

Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 06/28/2012

Ulli ETF StatSheet Contact

ETF/Mutual Fund Data updated through Thursday, June 28, 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 +1.64%. 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.

Read More

US Equities Viagra Higher In Late Trading On EU Hope; XHS Rises, SLV Tumbles

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com]

US stocks closed with only small losses after speculations of a breakthrough in the ongoing EU summit in Brussels fueled a late-session recovery.

The rumor over a possible progress in negotiations grew stronger after Bloomberg reported German Chancellor Angela Merkel has cancelled her scheduled press conference on Thursday night, raising hopes that European leaders will announce meaningful resolutions to tide over the present sovereign debt crisis.

Sure, let’s wait and see until tomorrow to ascertain if Germany caved in EU negotiations as much as they did in their soccer game vs. Italy.

Read More

Major Market ETFs Rise On Economic Data; FCG Explodes, VROM Sputters; Will The EU Summit Be Successful?

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com]

Major Market ETFs rose for the second straight day on Wednesday following stronger than expected data on durable goods and housing, and ahead of a key European summit meeting starting tomorrow.

Treasuries remained near flat after the US government auctioned $35 billion in five-year notes with yields trading at less than a quarter percentage point above record lows amid relatively weak demand.

After rising about 112 points during the day’s trade, the Dow Jones Industrial Average (DJIA) vaulted 92.34 points. The blue-chip index has advanced in two sessions among three, thus clawing back nearly all the losses suffered Monday. 24 of the 30 components within Dow rose for the day.

Read More

7 ETF Model Portfolios You Can Use – Updated through 6/26/2012

Ulli Model ETF Portfolios Contact

In a complete reversal, the S&P 500 headed back down again since last week’s portfolio report by dropping -2.8%. The markets continue to rally off the latest hopeful news from Europe only to be disappointed when major announcements turn into nothing but hot air.

Additionally, the Fed’s continuation of operation twist caused disappointment on Wall Street as traders had hoped for the mother of all bailouts to be enacted which then was to be followed by a rally into the stratosphere.

Obviously, this did not happen, and we’re bouncing around aimlessly without clear direction. I expect this to continue until a major market disappointment will push our Domestic Trend Tracking Index (TTI) into bear market territory, after which all bets are off.

Here’s the latest model portfolio update:

Read More

US Stocks Inch Up On Europe, Housing Data; DBA Pops, VIXY Slips

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com]

US stocks finished higher Tuesday as investors turned slightly bullish on signs of improvement in the housing market, although clouds continue to hang over the markets ahead of the EU summit meeting scheduled for Thursday and Friday this week.

Treasuries retreated as risk sentiments improved over speculation that European leaders were progressing over resolving the ongoing sovereign crisis. US Treasury notes pushed ahead, recovering from the day’s lowest level after German Chancellor disapproved proposals for Eurobonds which requires shared responsibility of the region’s liabilities.

The Dow Jones Industrial Average (DJIA) climbed 0.3 percent, after rising more than 74 points and sinking more than 50 points as the indexes turned choppy during the day’s trade. 18 among the Dow’s 30 components closed the day higher.

Read More