ETF/No Load Fund Tracker Newsletter For Friday, April 27, 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/2012/04/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-04262012/

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Market Commentary

Friday, April 27, 2012

MAJOR MARKET ETFS END WEEK ON A HIGH; GLDX RISES, DXJ SINKS

US stocks advanced Friday, extending weekly gains as strong corporate earnings outweighed disappointments over weaker than expected first-quarter GDP growth.

Treasury 10-year notes settled lower after hitting a twelve week high triggered by European contagion fears.

The Dow Jones Industrial Average (DJIA) climbed 0.2 percent to close the week at 13,228.31, up 1.5 percent for the week with Cisco Systems (CSCO) leading the pack. This is the blue-chip index’s second straight week of gains. 19 stocks of the 30-component index closed higher while consumer-goods company Procter & Gamble Co (PG) dropped the most, losing 3.6 percent on the day over weak 2012 guidance.

The S&P 500 Index (SPX) climbed 0.2 percent to 1403.36 with online travel company Expedia (EXPE) and e-retailer Amazon (AMZN) gaining the most, adding 23 percent and 15 percent respectively.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 04/26/2012

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ETF/Mutual Fund Data updated through Thursday, April 26, 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 +5.14%. Be sure to tune into my blog for the latest updates.

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US stocks melt up on earnings, housing data; GASL gains, VXX drops

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[Chart courtesy of MarketWatch.com]

US stocks continued with their winning streak for the third straight day Thursday as better-than-estimated housing data overshadowed concerns over a weak job market and mixed corporate earnings readings.

The S&P 500 index topped the 1,400 mark in intraday trading for the first time in three weeks as software company Citrix Systems raised their 2012 outlook. Yields on seven-year notes dropped to a record low at a $29 billion auction today, snapping decline for the first time in three days as the US Federal Reserve pledged to keep interest rates low through 2014.

The Dow Jones Industrial Average (DJIA) rose 0.9 percent, its third straight day of gains after discount retailer Wal-Mart (WMT) rebounded following its eight percent drop this week.

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Major Market ETFs Continue In Rally Mode, Advance For The Second Day; XLK Pops, VXX Tanks

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[Chart courtesy of MarketWatch.com]

Major Market ETFs gained for the second straight day Wednesday as investors offered muted reactions to the news that the Fed is keeping its interest rate target unchanged and cheered strong Q1 performance from big US companies including Apple and Boeing.

Following Wednesday’s Federal Open Market Committee meeting in Washington, Chairman Ben Bernanke dropped enough hints at a press conference that the central bank would undertake additional quantitative measures if economic growth slowed.

That’s what the Wall Street crowd wanted to hear, and the Dow Jones Industrial Average (DJIA) jumped 0.7 percent, advancing for the second day in a row. All but 6 of the 30 components progressed for the day.

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7 ETF Model Portfolios You Can Use – Updated through 4/24/2012

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Weakness in the markets showed up since last week’s ETF Model Portfolio publication, as continued uncertainty about Europe pulled the major indexes lower with the benchmark S&P 500 losing 1.4%.

All model portfolios retreated but to a lesser degree than the S&P. It looks to me that the markets are in dire need of a new driver to replenish lost upward momentum.

It may have found one, as Apple Computers came out with blowout earnings this Tuesday afternoon, which is sure to give the indexes an initial lift today.

Whether that translates into something more permanent remains to be seen as the Fed convenes for its 2 day FOMC meeting with any new announcements not due till Thursday.

Here’s the latest ETF Model Portfolio update:

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US Markets Close Mixed As Tech Stocks Slip; KRU Pops, GAZ Drops

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[Chart courtesy of MarketWatch.com]

US stocks closed mixed Tuesday with the broad market holding onto gains as investors welcomed encouraging Q1 corporate results, while Netflix’s weaker-than-expected outlook weighed NASDAQ down.

Apple Inc came under selling pressure ahead of its earnings report after the close. As was hoped for, Apple delivered beyond expectations which may bode well for a positive opening tomorrow.

The yield on benchmark 10-year Treasuries retreated for the first time in a week pushing prices up as the Federal Reserve got ready for its two-day FOMC meeting from tomorrow.

On the economic front, however, markets were disappointed with the Feb. S&P/Case-Shiller Home Price Index reading sinking a further 3.5 percent over last, hitting its lowest mark since Nov. 2002. Also Consumer Confidence Index fell to 69.2 in April from 70.2 in March. US Census report showed new home sales in March slipped 7.1 percent to an annual rate of 328,000, slightly bettering economists’ estimate of 318,000.

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