Major Market ETFs Gain On Strong Economic Data; GAZ Gains, SCIF Tanks

Ulli Market Review Contact

[Chart courtesy of MarketWatch.com]

Major Market ETFs advanced on Thursday, pushing the S&P 500 index past the 1,400 level for the first time since June 2008, as better-than-expected economic data reinforced the recovery theory.

Latest data showed jobless claims dropping to their lowest level in four years, manufacturing activity picking up and headline inflation being put under control.

Treasuries ended the day near flat after witnessing heavy losses earlier, pushing the benchmark 10-year yield down from the highest levels seen in more than four months.

The Dow Jones Industrial Average (DJIA) rose 0.4 percent to 13,252.76, advancing for the seventh straight day, its longest winning streak since Feb. 9, 2011.

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US Stock ETFs End Mixed; TBT Jumps, GDXJ Sinks

Ulli Market Review Contact

[Chart courtesy of MarketWatch.com]

Supported by technology sector, the Dow (DJIA) logged in its sixth day of gains as US stocks ended mixed Wednesday.

The S&P 500 however, closed lower after a day of big advances as investors remained edgy following Tuesday’s stress-test results of US banks. The Dow Jones Industrial Average climbed 0.1 percent to end at 13,194.10.

The S&P 500 Index (SPX) however, shed 0.1 percent to close at 1394.28. Utilities were the biggest losers while tech and financial gained among the 10-sector industry groups.

The tech-heavy NASDAQ Composite (COMP) added 0.85 point to close at 3040.73. Apple Inc (AAPL) hit an all time Wednesday with shares trading close to $600 apiece, a gain of 3.8 percent on the day.

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7 ETF Model Portfolios You Can Use – Updated through 3/13/2012

Ulli Model ETF Portfolios Contact

Yesterday’s rally pushed the S&P 500 within shouting distance of its psychologically important 1,400 level, while the Dow and Nasdaq already have onquered their milestones of 13,000 and 3,000 respectively.

Since last week’s ETF Model Portfolio report, the S&P 500 has added 3.95%, which makes me wonder how much room there is left to the upside given the general global economic slowdown along with Europe’s ongoing debt issues.

Be that as it may, the markets are in rally mode, and we need to participate. Take a look at the latest ETF Model Portfolio update:

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Major Market ETFs Rally On Better Retail Sales Data; URA Rises, VXX Sinks

Ulli Market Review Contact

[Chart courtesy of MarketWatch.com]

US stocks rallied late Tuesday with the NASDAQ Composite Index topping the 3,000 level for the first time since Nov. 15, 2000, ahead of an earlier-than-due release of Federal stress-test results of the nation’s biggest banks.

JP Morgan Chase’s announcement of higher dividends, better retail sales number in February, and the Fed’s decision to continue with record low interest rates, helped today’s rally. Treasuries tanked as yields rose to 2012 highs, as the Fed raised its assessment of the economy and refrained from fresh measures to lower borrowing costs.

The Dow Jones Industrial Average (DJIA) reclaimed the 13,000 mark, adding 1.7 percent to close at 13,177.33, its biggest single-day gain since last December.

The S&P 500 Index (SPX) climbed 1.8 percent, to 1395.96, with the financial sector leading the rally among the 10-sector index ahead of stress-test results.

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Equity ETFs Remain Range-Bound As Investors Remains Skeptical; CORN Grows, KWT Flickers

Ulli Market Review Contact

[Chart courtesy of MarketWatch.com]

Equity ETFs remained range-bound with blue-chips advancing for the fourth day Monday, ahead of the Federal Reserve’s monetary policy meeting and a raft of economic data releases this week, which are expected to support the case for a rate hike and undermine the requirement for another round of assets purchase by the Fed.

The Dow Jones Industrial Average (DJIA) added 0.3 percent on the day to end at 12,959.71, its fourth day of gains since Jan. 20, while the S&P 500 Index (SPX) rose 0.22 points to 1352.63, also its fourth straight day of gains with defensive areas like utilities, consumer staples and telecom advancing the most.

Treasuries lost further ground as speculation of QE3 eased and an auction of three-year notes evoked weaker-than-expected response. The Treasury is due to sell $21 billion 10-year notes tomorrow when the FOMC meets. Markets remain edgy ahead of the Fed’s stress-test results of the nation’s banks on Thursday.

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ETFs/Mutual Funds On The Cutline – Updated Through 3/9/2012

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 356 (last week 365) 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. 76 ETFs (last week 80) have managed to move into in bullish territory after the recent run up.

The third report covers Mutual Funds on the Cutline. There are currently 814 (last week 818) above the line and 47 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