Coming Off The Highs

Thur pic

[Chart courtesy of]

1. Moving the Markets

After making a new intra-day all-time high, the S&P 500 pulled back, as the early rally, propelled by the ECB’s new stimulus efforts, ran out of steam powered by a decline in the energy sector. The major indexes retreated modestly, as the chart above shows.

Contributing to the pullback was overall nervousness ahead of tomorrow’s all important jobs report. Expectations are for a growth in payroll of some 225,000. We’ll find out in the morning if that guess is fact or fiction.

Starting the day on a positive for the markets was the ECB decision, along with a new QE program, to lower a key interest rate to stimulate the sagging economies of Europe. It’s questionable whether that effort will produce the desired results but only time will tell.

On this slippery day, 2 of our 10 ETFs in the Spotlight gained with 1 of them making a new high for the year.

2. ETFs in the Spotlight

In case you missed the announcement and description of this section, you can read it here again.

It features 10 broadly diversified ETFs from my HighVolume list as posted every Monday. Furthermore, they are screened for the lowest MaxDD% number meaning they have been showing better resistance to temporary sell offs than all others over the past year.

Here are the 10 candidates:


All of them are currently in “buy” mode, meaning their prices are above their respective long term trend lines by the percentage indicated (%M/A).

Year to date, here’s how the above candidates have fared so far:


To be clear, the first table above shows the position of the various ETFs in relation to their respective long term trend lines (%M/A), while the second one tracks their trailing sell stops in the “Off High” column. The “Action” column will signal a “Sell” once the -7.5% point is taken out in the “Off High” column.

3. Domestic Trend Tracking Indexes (TTIs)

Our Trend Tracking Indexes (TTIs) retreated as the major indexes slipped:

Domestic TTI: +2.90% (last close +3.09%)

International TTI: +2.82% (last close +3.12%)

Disclosure: I am obliged to inform you that I, as well as advisory clients of mine, own some of these listed ETFs. Furthermore, they do not represent a specific investment recommendation for you, they merely show which ETFs from the universe I track are falling within the guidelines specified.

About Ulli Niemann

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