ETF/No Load Fund Tracker Newsletter For Friday, May 25, 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/2012/05/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-05242012/

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Market Commentary

Friday, May 25, 2012

MAJOR MARKET ETFs END WEEK HIGHER; IDX CRASHES

Equity ETFs tumbled Friday but closed the week higher, snapping a three-week losing streak as investors concerns over a looming banking crisis in Spain overshadowed a surprisingly strong consumer sentiment reading.

Markets headed south after reports suggested that the final bill for bailing out Bankia of Spain came at €19 billion, stoking concerns over Greece’s continuation in the single currency union. US Treasuries rallied over reports that the Spanish regional governments are struggling to raise funds, fueling demand for US safe haven assets.

The Dow Jones Industrial Average (DJIA) shed 74.92 points to close at 12,454.83, up 0.7 percent for the week. The broad trend remained bearish with 22 stocks out of 30 in the blue chip index retreating.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 05/24/2012

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ETF/Mutual Fund Data updated through Thursday, May 24, 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 +2.18%. Be sure to tune into my blog for the latest updates.

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Equity ETFs Bounce Back In Late Trade—Again; FAA Soars, GREK Sinks

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[Chart courtesy of MarketWatch.com]

Equity ETFs closed mixed Thursday, with the broad market recouping losses in late trading as investors remained uncertain amid today’s lackluster economic report and the ongoing negotiations in Europe that may ultimately push Greece out of the single-currency union. It was almost a repeat of yesterday’s afternoon rebound but less dramatic.

Domestic economic numbers failed to cheer as a Labor Department report showed people filing for first-time unemployment benefits declined by 2,000 to 370,000 last week while order for durable goods grew 0.2 percent in April.

Sentiments got a boost in the afternoon after Italian Prime Minister Mario Monti said he believed Greece will continue in the eurozone and the union may issue bonds jointly guaranteed by the 17 members.  Sure, we’ve heard that before.

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US Stocks Fight Back Clinging To Rumors After Sharp Initial Fall; GLDX Glitters, GAZ Sinks

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[Chart courtesy of MarketWatch.com]

US stocks fought back in the final hour of trading Wednesday despite witnessing sharp declines with the NASDAQ and the S&P 500 reclaiming the green territory even though the threat of a possible Greece exit continues hang over the markets. If things look desperate, hanging on to the latest rumor can restore momentum as ZeroHedge points out.

Sentiment turned weak following a late-Tuesday afternoon warning from the Congressional Budget Office that the economy may slip back into recession if government spending-cuts and steep tax hikes are put into action in January.

Treasuries surged ahead, pushing yields on 10-year notes to near record lows, as news of preparations for Greece’s eventual exit from the 17-member currency zone hit the market.

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7 ETF Model Portfolios You Can Use – Updated through 5/22/2012

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Thanks to Monday’s dead cat bounce, if that’s what it was, the S&P 500 only leaked to a loss of some 1% since last week’s Model ETF Portfolio update.

Initial euphoria in regards to “Fallbook’s” IPO last Friday has vanished, and it now appears that the masses have been slaughtered as the IPO price from 3 days ago remains nothing but a dream.

Questionable news from around the world’s hotspots makes me believe that the downside has not played itself out and there is more to come. Nothing goes down in a straight line, so we are bound to see the occasional dead cat bounce.

With the International TTI being stuck on the bearish sided of the line, the Domestic TTI heading in that direction, although it’s still stuck on the bullish side, how do you set up a new portfolio from the below models?

I think the best way is to start allocating only the bond portion of each portfolio and then wait to see where equities are headed. Should they go further south, chances are good that bonds will rally, as the hunt for safety will be on. That’s how I deal with new money in these market conditions.

Here’s the latest update:

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Major Market ETFs In Stall Speed As Concern Over Europe Lingers; VXX Soars, GDXJ Tanks

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[Chart courtesy of MarketWatch.com]

Wall Street closed flat Tuesday despite surging in early trade as worries over Europe overshadowed upbeat US economic reports. The above chart says it all.

The markets turned choppy in the last hour of trading as Dow Jones Newswire reported that former Greek Prime Minister Lucas Papademos has said Greece is preparing to leave the 17-member single-currency union.

US Treasuries tumbled as demand for safe haven assets eased ahead of tomorrow’s meeting of finance ministers in Brussels to discuss Europe’s credit crisis. Also a robust existing home sales reading in April, according to National Association of Realtors sales went up 3.4 percent to an annual rate of 4.62 million, helped boost risk appetite.

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