Market commentary/High Volume ETFs On The Cutline – Updated Through 7/6/2011

Upward market momentum and euphoria continued into last weekend causing several ETFs to move above the +20 HV Cutline listings and off the table. If you intend to follow those ETFs that are no longer listed, you now have to consult the weekly StatSheet (updated every Thursday), specifically the ETF Master List.

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 90 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. 

While the markets have been meandering around the unchanged line this week, Gold ETFs have been shining brightly, which is clearly a sign that all is not well in terms of global balances along with the ongoing debt circus.

Some of this slowdown was evident, as some of the major ETFs moved only moderately:

IOO (World Stock) from +4 to +20

IEV (S&P Europe 350) from +6 to +15

EFA (Foreign Large Blend) from +4 to +13

EEB (Diversified Emerging Mkts) from -13 to +7

And remaining in the basement was BRF (Brazil Small Cap), which jumped from -15 to -8 along with ILF (Latin America), which improved from -18 to -6.

Take a look at the table:

[Click on table to enlarge, copy and print]

I expect more sideways activity this week until we get a better reading from Friday’s unemployment numbers. I think some positives are already factored into the market. In case this report turns out to be disappointing, the downside will come into play again.

As always, be aware of where your sell stops are.

If you are a new reader and missed the original Cutline report, which also featured some “how to use” information, please review it here.

Quick Reference:

6/29/11 issue

6/22/11 issue

6/15/11 issue

6/8/11 issue

5/25/11 issue

5/18/11 issue

5/11/11 issue

5/4/11 issue

4/27/11 issue

4/20/11 issue

Disclosure: No holdings

About Ulli Niemann

Ulli Niemann is the publisher of "The ETF Bully" and is a Registered Investment Advisor. Learn more
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