ETF/No Load Fund Tracker Newsletter For Friday, June 8, 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/2012/06/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-06072012/

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Market Commentary

Friday, June 8, 2012

MAJOR MARKET ETFS POST BEST WEEKLY GAIN OF THE YEAR; EWP RISES, VIXY CRASHES

US stocks headed higher Friday to extend gains for the fourth straight day and capping their best week of the year amid rumors that Spain will officially request for bailout funds for its stricken banks on Saturday, and Europe will move decisively to reign in its sovereign debt crisis.

Yeah right! Past experience with these types of rumors has led to market disappointment, as the Europeans have repeatedly displayed an uncanny ability demonstrating that there is a huge discrepancy between a meaningless announcement and decisive action.

Treasuries closed lower for the week as risk sentiments improved over a Commerce Department report that showed trade deficit narrowed in April with imports falling faster than exports as a soft economy slowed down demand, cutting investor-appetite for safe-haven assets.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 06/07/2012

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ETF/Mutual Fund Data updated through Thursday, June 7, 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 +1.95%. Be sure to tune into my blog for the latest updates.

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Equity ETFs Trim Gains As Bernanke Avoids QE Reference; BAL Rocks, UNG Slips

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[Chart courtesy of MarketWatch.com]

Equity ETFs pared early gains to end mixed Thursday after Fed Chairman Ben Bernanke chose to remain silent, despite market expectations of quantitative easing measures and the Chinese central bank cutting interest rates by a quarter percent to ward off a deepening slowdown.

Treasuries remained choppy with the 10-year closing at the highest level in a week after Bernanke said the Fed remains ready to intervene to avoid further slowdown of the economy, but refused to mention monetary stimulus plans.

The Dow Jones Industrial Average (DJIA) gained 0.4 percent despite rising 140 points earlier in the day. The breadth remained positive with 16 of the 30 components in the blue-chip index closing in the green. The Dow is up 2.8 percent over last week, helped by Wednesday’s 287 points jump.

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US Stocks Post Biggest Gain Of 2012 On Stimulus Hopes; EPI Pops, VIXY Sinks

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[Chart courtesy of MarketWatch.com]

After equities suffered through their worst loss in 6 months only 3 days ago, it’s only fitting that this was followed by the biggest gain for the year. Such is the world of a manilupated market environment by the Fed.

As a result, US stocks surged Wednesday with the S&P 500 and the Dow industrials adding the most for 2012 on speculation of a concerted global stimulus by central banks.

Sentiment was further boosted over reports that Germany is preparing a road map to recapitalize Spanish banks that would refrain from imposing external restrictions on the country’s banking sector. Sure, let’s see if they are really ignorant enough to part with potentially hundreds of billions of dollars to feed another bottomless pit.

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7 ETF Model Portfolios You Can Use – Updated through 6/5/2012

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More loss of upward momentum, since last week’s ETF Model Portfolio report, pulled the S&P 500 down by another 3.5%.

That means the S&P 500 is currently showing a YTD gain of +2.22% after having reached a high of some 12% after the end of the first quarter.

Our model portfolio #2 had reached a high of +7.89% but is still sporting a gain of +3.44% with the most volatile equity positions now removed from the equation after the respective stop loss points had been triggered.

Sure, should the markets resume their upward trend, we will need to find a new entry point. However, the odds are high that the downside will come into play even more as the European debt crisis shows continued signs of unraveling.

Take a look at the latest update:

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Major Market ETFs Rise On Upbeat Services Number; ITB Gains, VXX Dips

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[Chart courtesy of MarketWatch.com]

Major Market ETFs closed higher Tuesday for the second straight day, pushing the Dow Industrials into the green territory and snapping four loss-sessions, as investors cheered a better-than-expected ISM index’s nonmanufacturing businesses reading.

Gains, however, were limited as the ongoing European sovereign debt crisis continued to overshadow this positive US economic development. Ratings agency Standard & Poor’s warned Monday that there is one-in-three chance that Greece will leave the eurozone in the coming months.

US Treasuries headed down for the second day in a row as reports indicated that the G-7 countries are discussing measures that’ll throw a safety net around Europe’s banking sector. Sure, let’s wait and see if there is some meat on this bone for a change.

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