Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 03/26/2015

ETF/Mutual Fund Data updated through Thursday, March 26, 2015

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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 10/22/2014

TTI

Our main directional indicator, the Domestic Trend Tracking Index (TTI), broke through its long-term trend line generating a “Sell” for this arena effective 10/14/2014, which was followed by a violent break back above the line on 10/22/14 generating a new “Buy.” It was a classic whipsaw signal, and you can read more on my blog as to the events as they were unfolding.

As of today, our TTI (green line in above chart) is positioned above its long term trend line (red) by +2.78% keeping us in the market with our established positions.

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Indexes Remain Volatile Amidst Middle East Chaos And French Alps Plane Crash

Thur pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Stocks closed lower for the fourth day in a row. The Dow in particular has been extremely volatile this month, closing up or down more than 100 points in 14 of 18 trading sessions. This is not historically uncharacteristic of the first month of spring though. March has, for the most part, been one of the more volatile months of the first half of the year and is living up to its reputation as such. On six occasions it has posted triple-digit point gains and eight times it has undergone triple-digit point declines.

For those following the oil market, oil prices surged more than 4% on growing concerns about turmoil in the Middle East after news came in today that Saudi Arabia bombed key military installations in Yemen. The U.S. benchmark crude jumped $2.22 to close at $51.43 a barrel on the NYME. As you may well know, markets typically don’t react well to international conflict, and the plane crash in the French Alps did not help sentiment by any means.

And in further economic news, investors are still scratching their chins over Wednesday’s weak reading on February durable goods orders, a reading which raised fears that the economy may be going through a down patch and could have an adverse impact on corporate earnings, which are already under pressure due to the recent strength of the dollar.

All of our 10 ETFs in the Spotlight seesawed and closed lower, although the declines were modest. Leading the downside were consumer discretionaries (XLY) with -0.63%, while financials (IYF) fared the best with a loss of -0.19%. 5 ETFs remain on the plus side YTD after the recent pullback.

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Stocks Fall Hard For Third Straight Day

Wed pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

As the headline suggested, it was a tough day for all the major indexes. It was a third straight day of losses, and we saw the Dow drop a lofty 293 points by the close of trading. Are you hungry to know who the culprit was of the bearish trading session? None other than two food giants: Heinz (HNZ) and Kraft (KRFT).

The “MegaDeal”, as many are calling it, has investors all in a tussle it seems. The acquisition price, a mere $46 billion, will create the third largest Food and Beverage Company in North America. Not something to squint your eyes at by any means. Mr. Buffet has had a smile on his face thus far in 2015, given the fact that Berkshire Hathaway (BRK) owned 192,666 shares of Kraft at year end 2014, with a market value of $12.1 million. The stock price, as of today, puts BRK’s holdings at $16.2 million, which entails a 14% gain so far this year.

Moving on to commodities, the price of oil settled up 3% today as a weak dollar, fighting in Yemen and speculative buying boosted crude prices in spite of U.S. inventories building to record highs for an 11th week. In no help of the black gold price, the USD fell after disappointing U.S. durable goods orders for February came in. As we all know, a weaker dollar makes commodities denominated in the greenback cheaper for holders of other currencies typically boosting demand for such raw materials.

All of our 10 ETFs in the Spotlight followed the path down with the financials (IYF) taking the lead sporting a -1.88% loss, while Consumer Staples (XLP) resisted the sell-off very well by only surrendering -0.25%.

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Stocks End Lower After Digesting Economic Data

Tue pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Stocks drifted in and out of positive territory most of the morning, but turned downwards in afternoon trading as investors digested economic reports that showed an uptick in inflation and a big jump in new-home sales in February. Before the closing bell, the Labor Department reported that consumer prices were up 0.2%, the first increase in four months and in line with the rise expected by economists. Core prices, excluding food and energy, were up 0.2%.

In a second report, the government also said new-home sales climbed 7.8% to a seasonally adjusted annual rate of 539,000. The announcement came after an upward revision to January’s sales rate to 500,000 from a 481,000 annual rate.

Google (GOOG) jumped 2.2% Tuesday after saying it hired Ruth Porat, Morgan Stanley’s CFO, to replace Patrick Pichette as its the CFO in May. In entertainment, Netflix (NFLX) rose 3.1%, which is the largest gain since Feb. 3.

And in auto news, Ford Motors (F) is on track to move into the fourth place among foreign automakers in factory capacity in the country. Ford recently opened a new plant in Hangzhou that will increase the company’s manufacturing capacity to approximately 1.2 million vehicles a year.

All of our 10 ETFs in the Spotlight headed south lead by DVY and XLV with -0.87%, while IOO held up best by only surrendering -0.38%.

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Going Nowhere

Mon pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

The indexes meandered throughout the trading day but were not able to sustain early upside momentum. In the last few minutes of trading, the indexes puked and finished in the red, although by only a small margin given last week’s advance.

Concern remained in the currency arena where the dollars advance has raised serious concerns about future profitability of those companies with international exposure. Even though there was some dollar pullback today, stocks did not get any support out of it.

A host of economic data is on the menu for this week, but most closely watched will be the release of the GDPs’ fourth quarter revisions coming up this Friday.

7 of our 10 ETFs in the Spotlight slipped while 3 advanced. Heading the gainers was Global 100 (IOO) with +0.38%, while the downside was lead by Financials, which gave up -0.43%.

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ETFs/Mutual Funds On The Cutline – Updated Through 03/20/2015

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 410 ETFs, of which currently 292 (last week 237) are hovering in bullish territory.

The second report includes only High Volume ETFs. To clarify, High Volume (HV) ETFs are defined as those with an average daily volume of $10 million or higher.

These ETFs are generated from my selected list of some 97 that I use in my advisor practice. It cuts out the “noise,” which simply means it eliminates those ETFs that I would never buy because of their volume limitations. 48 ETFs (last week 37) have managed to remain in bullish territory after the recent market volatility.

The third report covers Mutual Funds on the Cutline. There are currently 520 (last week 352) above the line and 300 below it out of the 820 that I follow.

Take a look:

1. ETF Master Cutline Report

2. ETF High Volume Cutline Report

3. MF Cutline Report

In case you are not familiar with some of the terminology used in the reports, please read the Glossary of Terms.

If you missed the original post about the Cutline approach, you can read it here.

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