ETF/No Load Fund Tracker Newsletter For Friday, April 20, 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-04192012/

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Market Commentary

Friday, April 20, 2012

US BROAD MARKET EDGES HIGHER ON EARNINGS

US stocks mostly ended higher Friday with two indices reversing a two-week losing streak and recouping early week losses, as Wall Street welcomed another round of decent earnings from American companies and (temporarily) positive developments on Europe.

US Treasuries closed higher for the fifth week in a row, the longest stretch since last June as investors sought refuge in the world’s safest debt assets in an uncertain global environment.

The Dow Jones Industrial Average (DJIA) rose 0.5 percent, up 1.4 percent over the prior week, while the S&P 500 Index (SPX) climbed 0.1 percent with consumer staples and utilities faring the best and financials and technology dropping the most among the 10 industry group.

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 04/19/2012

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ETF/Mutual Fund Data updated through Thursday, April 19, 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 +4.56%. Be sure to tune into my blog for the latest updates.

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US Stocks Retreat On Weak Data And Europe Crisis; FBT Pops, TYH Tanks

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[Chart courtesy of MarketWatch.com]

Stocks ended lower for the second day in a row Thursday as unease over Europe and weak US economic data eclipsed the positive Q1 earnings readings.

Treasury yields dropped for the second day in a row as US jobless claims and existing home sales data failed to meet expectations, increasing the attractiveness of US assets.

The Dow Jones Industrial Average (DJIA) surrendered 0.5 percent dropping below the psychologically important 13,000 level but still up 0.9 percent for the week.

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US Equity ETFs End Lower As Tech Falters; VXX Rises, EWP Sinks

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[Chart courtesy of MarketWatch.com]

US equity ETFs ended lower Wednesday with the broad indices retreating a day after the markets posted their biggest gains in a month, as technology bellwethers Intel Corp and IBM Corp’s results came in below (already lowered) expectations.

Treasuries advanced as concern over the European sovereign-debt crisis deepened before a crucial Spanish debt auction Thursday, spurring investor appetite for US assets.  Anything less than a successful outcome of that auction will very likely result in a direct hit on equities.

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7 ETF Model Portfolios You Can Use – Updated through 4/17/2012

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The major indexes meandered somewhat since last week’s ETF Model Portfolio update, although with an upward bias.

Yesterday’s rebound, despite mediocre economic news but a better than expected bond auction in Spain, calmed some raw nerves, and the indexes shifted into overdrive finishing the day with a strong rally.

Of course, how long this one-day euphoria will last, is anyone’s guess, but at least it will give traders the warm fuzzies until the European debt crisis picks up steam again.

All ETF Model portfolios gained along with the overall market, after the first part of April took the starch out of upward momentum thereby supporting the bearish case.

Here’s the latest ETF Model Portfolio update:

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Major Market ETFs Rally As Worries Over Spain Ease; URA Shines, VXX Sinks

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[Chart courtesy of MarketWatch.com]

All major market ETFs pushed higher Tuesday as robust demand for Spanish debt eased global worries over a European contagion; at least for the time being, and until the next disaster strikes.

The Dow breached the psychologically important 13,000 mark for the first time in more than a week as investors analyzed the quarter’s earnings data. Treasuries dropped for the first time in three days as better risk sentiment diminished US debt’s attractiveness, pushing all three equity indices to their highest levels since March 13.

The Dow Jones Industrial Average (DJIA) leapt 1.5 percent, its biggest gain in more than a month. Tech stocks made a strong come back after losing more than 1 percent Monday while all the 30 components of Dow advanced for the day.

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