Major Market ETFs Jump On Stimulus Rumors; UNG Burns Bright, VIXY Sinks

Ulli Market Review Contact

[Chart courtesy of MarketWatch.com]

US stocks jumped more than one percent Thursday as reports in the media suggested central banks from major economies across the world stand ready to take coordinated steps to stabilize markets if Greece elections over the weekend cause market turbulence.

The market was a rumor mill all day long, but the abovewas the mother of wishful thinking as the markets tried to find any reason, since economic data were simply not viable, to push the indexes higher.

For some spot on and clear analysis of this hyped up trading day, this is what ZeroHedge had to say:

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Greece Election On Sunday Hangs Heavy Over Stock Markets; FAA Flies, EU Tanks

Ulli Market Review Contact

[Chart courtesy of MarketWatch.com]

US stocks declined Wednesday as investors remained worried over Sunday’s Greek elections. The situation was compounded further after ratings agency Egan-Jones cut Spain’s government debt to junk Wednesday.

Treasuries advanced to erase yesterday’s gain in yields as markets turned jittery after reports showed a decline in US retail sales in May, spiking demand for safe-haven assets. Reports of increasing withdrawals at Greek banks didn’t ease investor concerns either.

The Dow Jones Industrial Average (DJIA) dropped 77.42 points, with 20 of the 30 components closing lower within the blue-chips index. The S&P 500 Index (SPX) slipped 9.30 points with consumer discretionary declining the among its 10 business groups.

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7 ETF Model Portfolios You Can Use – Updated through 6/12/2012

Ulli Model ETF Portfolios Contact

The prior week’s 3.5% loss by the S&P 500 was followed by this week’s 2.95% gain, as the markets reacted to the potential Spain bailout estimated to be in the range of $100 billion. Of course, no one yet has asked the hard question as to where the money is actually coming from.

Nevertheless, simply hope along with yesterday’s dead cat bounce based on rumors of a coordinated effort by the major central banks to come up with another stimulus plan was enough to pull the S&P 500 back to last Friday’s closing level.

While upward momentum has slowed, there will always be rebound rallies before reality finally sets in, which is that a global slowdown is underway. While it can be temporarily interrupted by fancy intervention schemes, they usually prove to be ephemeral in nature.

Our model ETF portfolios held steady because most of our equity holdings were liquidated as their respective trailing sell stops had been triggered.

Take a look at the latest update:

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Equities Rise On Fed Stimulus Hopes; TAN Soars, VXX Drops

Ulli Market Review Contact

[Chart courtesy of MarketWatch.com]

Domestic equities surged more than one percent Tuesday, wiping off losses suffered Monday, as investors took a cue from Europe’s peripheral markets after Spanish bonds came off Euro-era record highs on speculation the Federal Reserve and other central banks will restart asset purchase programs. Sure, we’ve heard that one before resulting in very short-term effects.

Treasuries retreated as Wall Street traders remained upbeat on another round of monetary stimulus to boost a faltering economy. The Dow Jones Industrial Average (DJIA) zoomed 162.57 points, wiping out Monday’s 142.97 points loss. All but one of the 30-component blue-chip-index finished lower for the day.

The S&P 500 Index (SPX) added 15.25 points with materials and financial gaining the most among the 10 business groups. The NASDAQ Composite Index (COMP) gained 33.34 points to settle at 2843.07.

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Equity ETFs Drop As Spain Rescue Disappoints And Greece’s Election Looms Large; VIXY Pops, GAZ Crashes

Ulli Market Review Contact

[Chart courtesy of MarketWatch.com]

US stocks swung wildly Monday giving up early gains to close sharply lower following the best week of the year as investors remained concerned over the upcoming Greek elections and optimism over Spain’s $125 billion bank bailout-deal fizzled on worries that the benefits will not be sustained.

The treasury 30-year bonds pushed higher for the first-time in six days after Spanish yields surged to 6.5 percent over fears that the Iberian nation would be soon locked out of the capital markets, forcing it to seek external help.

If you find these feeble attempts to rescue Spain (and others) confusing, just like Wall Street does, you might want to review this short video from ZeroHedge explaining the ins and outs of the debt circus being presented in Euroland. This should clear up any misconceptions you may have.

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ETFs/Mutual Funds On The Cutline – Updated Through 6/8/2012

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 216 (last week 92) 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. 33 ETFs (last week 14) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 521 (last week 126) above the line and 340 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.