[Chart courtesy of MarketWatch.com] 1. Moving the Markets The lack of correlation between oil prices and the major indexes I pointed out yesterday reversed with a vengeance as oil dropped another 5.79% on top of yesterday’s loss of 6.78% causing the markets to head south all day with no recovery in sight. Crude oil stumbling below $30/barrel accelerated a downdraft …
Clawing Back
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It did not look pretty at the opening with the major indexes taking a dive after Friday’s come back rally. Interesting to me was the break in correlation with oil prices, as oil got hammered at the tune of -6.78%, yet equities managed to dig themselves out of a hole and closed …
ETFs/Mutual Funds On The Cutline – Updated Through 01/29/2016
Below are the latest ETF Cutline reports, which show how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs/MFs are positioned. The first report covers the ETF Master List from Thursday’s StatSheet and includes 381 ETFs, of which currently 38 (last week 21) are hovering in bullish territory. The second report includes only …
New ETFs On The Block: Elkhorn FTSE RAFI US Equity Income ETF (ELKU)
Elkhorn Capital Group, the exchange-traded fund issuer founded by former PowerShares’ veteran Ben Fulton, launched its second fund recently with an eye on high-dividend paying US companies. The newly launched Elkhorn FTSE RAFI US Equity Income ETF (ELKU) employs an investment strategy created by Research Affiliates, one of the pioneers of the so-called smart-beta investing. ELKU tracks the FTSE RAFI …
ETF/No Load Fund Tracker Newsletter For January 29, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2016/01/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-01282016/ ———————————————————— Market Commentary A BITTER SWEET END TO A GRIM JANUARY [Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow, posting its worst January since 2009, ended up nearly 400 points to cap a turbulent month on an upbeat note after a surprise …
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 01/28/2016
ETF/Mutual Fund Data updated through Thursday, January 28, 2016 If you are not familiar with some of the terminology used, please see the Glossary of Terms. 1. DOMESTIC EQUITY MUTUAL FUNDS/ETFs: SELL — since 11/13/2015 Our main directional indicator, the Domestic Trend Tracking Index (TTI-green line in above chart) has recently crawled above its long term trend line (red) …