ETF/No Load Fund Tracker Newsletter For October 16, 2015

ETF/No Load Fund Tracker StatSheet

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THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS:

http://www.theetfbully.com/2015/10/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-10152015/

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Market Commentary

STOCKS CONTINUE MOVING HIGHER ON BULLISH CORPORATE EARNINGS

Fri pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

Stocks ended moderately higher Friday as the post-correction rally rolled on amid signs U.S. companies will top low third-quarter earnings estimates and the growing belief the Federal Reserve will hold off on interest rate hikes until 2016. Each of the three major benchmarks climbed for a third straight week.

In earnings news, General Electric (GE) topped earnings estimates by 3 cents, although its revenues fell shy of analyst estimates. Shares of GE, which is a Dow component and a barometer of economic health at home and abroad, were up 3.4%.

Investors were also digesting economic news today. The preliminary reading on October consumer sentiment from the University of Michigan came in stronger than expected at 92.1, its highest level since July and up sharply from September’s final reading of 87.2.

On the jobs front, job openings in August dipped to 5.37 million from 5.7 million in July, but were still deemed healthy by economists.

All of our 10 ETFs in the Spotlight eked out a gain today with the leader being Healthcare (XLV) at +0.96% while the Mid-Cap Value (IWS) lagged with +0.01%.

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:

MaxDD

The above table simply demonstrates the magnitude with which some of the ETFs are fluctuating in regards to their positions above or below their respective individual trend lines (%M/A). A break below, represented by a negative number, shows weakness, while a break above, represented by a positive percentage, shows strength.

For hundreds of ETF/Mutual fund choices, be sure to reference Thursday’s StatSheet.

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

YTD

Again, 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 has been taken out in the “Off High” column.

3. Trend Tracking Indexes (TTIs)

Our Trend Tracking Indexes (TTIs) again inched closer to a potential new “Buy” signal but need more upward momentum to cross into bullish territory.

Here’s how we ended up this week:

Domestic TTI: -0.31% (last Friday -0.77%)—Sell signal effective 8/24/2015

International TTI: -3.24% (last Friday -3.34%)—Sell signal effective 8/21/2015

Until the respective trend lines get clearly broken to the upside, we are staying on the sidelines.

Have a great weekend.

Ulli…

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.

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READER Q & A FOR THE WEEK

All Reader Q & A’s are listed at our web site!
Check it out at:

http://www.theetfbully.com/questions-answers/

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WOULD YOU LIKE TO HAVE YOUR INVESTMENTS PROFESSIONALLY MANAGED?

Do you have the time to follow our investment plans yourself? If you are a busy professional who would like to have his portfolio managed using our methodology, please contact me directly or get more details at:

http://www.theetfbully.com/personal-investment-management/

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Back issues of the ETF/No Load Fund Tracker are available on the web at:

http://www.theetfbully.com/newsletter-archives/

About Ulli Niemann

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