ETF/No Load Fund Tracker Newsletter For Friday, April 13, 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-04122012/

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Market Commentary

Friday, April 13, 2012

US Stocks Fall On China Slowdown And Europe Worries; GAZ Rises, EWI Sinks

Following a two-day rally, US stocks retreated Friday with the broad market indices posting their biggest loss this year on European debt-crisis rumors and a lower-than-anticipated China GDP growth report.

Treasuries advanced, pushing 10-year yields below the 2 percent mark over speculations of a deteriorating Spanish economy following reports that the borrowings by the country’s banks zoomed last month.

For a tongue in cheek version of all that ails Europe, please take a look at the following video:

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Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 04/12/2012

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ETF/Mutual Fund Data updated through Thursday, April 12, 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 +4.72%. Be sure to tune into my blog for the latest updates.

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Major Market ETFs Rally As Fed Signals Low Rate Continuation; GDXJ Pops, VXX Sinks

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[Chart courtesy of MarketWatch.com]

Major market ETFs rallied for the second day Thursday, marking its biggest two-day gain in 2012, as the Federal Reserve signaled continuation of low interest rate and accommodative monetary policies to avoid a slowdown.

Sentiments were also buoyed after data released by the Chinese central bank showed new loan volumes were higher than estimated, reducing fears of the economy’s hard landing this year. Also, there were indications of the US first quarter earnings coming in better than expected mainly because of lowered expectations.

Treasuries slumped for the second day, as investors embraced news of falling borrowing costs in peripheral European nations with hopes that global central banks would intervene with stimulus measures to avoid a double-dip recession. I view this only as a temporary halt on a trend to higher rates.

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Equity ETFs Reverse Losing Streak After Five Days; TAN Shines, VXX Sinks

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[Chart courtesy of MarketWatch.com]

Equity ETFs rebounded Thursday following a streak of five down days that had wiped out more than 3 percent of the major indices, as concerns over Spain eased and hopes for better-than-expected profits rose ahead of the earnings season following Alcoa’s surprise profit surge.

US Treasuries retreated after six sessions of gains amid rumors that Madrid wouldn’t require a Greece-style bailout as Spanish and Italian bonds climbed on robust demand. I don’t believe this for a minute; to my way of thinking, it’s just a matter of time when the need for another bailout makes front page news. The only question remains is “who’s next?”

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7 ETF Model Portfolios You Can Use – Updated through 4/10/2012

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The long awaited and overdue correction finally set in with the S&P 500 sliding 5 days in a row. Since last week’s ETF Model Portfolio report, this benchmark has surrendered 3.8%.

Downward momentum accelerated over the past couple of days as a result of last Friday’s poor jobs report and renewed concerns about the European debt crisis with Spain’s rising interest rates being the center of attention.

All of your ETF model portfolios retreated with the moderate one (#4) still taking the top spot closely followed by the conservative option (#2). That’s no surprise since, during sell offs, those with the highest percentage of bond holdings will usually prevail.

One sell stop in portfolio #3 (VDE) just got triggered yesterday and, barring any rebound today, this holding will be liquidated.

Here’s the latest ETF Model Portfolio update:

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US Stocks Slip For Fifth Day; VXX Surges, GAZ Tanks

Ulli Market Review Contact

[Chart courtesy of MarketWatch.com]

US stocks closed sharply down Tuesday, extending losses for the fifth session as fear trade gathered steam over Eurozone’s financial health.

All the three major stock indices tumbled more than 1.5 percent after the spread between Spanish and German bond yields surged in European trade, bringing back memories of the Greek crisis just before the beginning of Q1 earnings season.

As markets panicked over a possible European contagion, Treasury yields on 10-year notes dropped below 2 percent on strong demand as safe-haven appeal of US debts increased.

The Dow Jones Industrial Average (DJIA) slumped 1.7 percent registering its biggest fall this year Tuesday.  The S&P 500 Index (SPX) slipped 1.7 percent, knifing right through its 50-day moving average, and posting the largest single day point and percentage drop since December 8.

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