ETF/No Load Fund Tracker Newsletter For October 23, 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-10222015/

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Market Commentary

EQUITIES GAIN FOUR WEEKS IN A ROW—DOMESTIC TTI CLIMBS INTO BULLISH TERRITORY

Fri pic

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

There just seems to be no stopping the equity bullet train, demonstrating a recovery which has been quite impressive from the lows made late in August. Helping matters today was a surprise interest rate cut by the Bank of China, a string of better than expected tech earnings all on the heels of ECB’s Mario Draghi’s jawboning about more QE yesterday.

It is no longer a secret that markets don’t run anymore on fundamentals but merely on the latest word by the Fed, or any other Central Bank, in regards to interest rates and or QE programs. As a result, we’ve seen our Domestic Trend Tracking Index (TTI) now turn bullish; although today was the first time it crossed its trend line to the upside.

As I mentioned yesterday, I like to see some staying power above the line before issuing a new “Buy” signal for that arena. Strangely enough, the International TTI, which usually front runs its domestic cousin, is lagging behind and remains bearish for the time being. You can see the exact numbers in section 3 below.

7 of our 10 ETFs in the Spotlight closed higher topping off weak with great upward momentum. Taking top billing for the day was the Global 100 (IOO) with +1.52% while on the downside the Select Dividend ETF gave back -0.17%.

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 Domestic Trend Tracking Index (TTI) crossed its trend line into bullish territory today, while the International one remains bearish. It was its first break above the line, and I like to see a few days of staying power accompanied by a stronger piercing to the upside before issuing a new “Buy” signal.

Here’s how we closed this week:

Domestic TTI: +0.33% (last Friday -0.31%)—Sell signal effective 8/24/2015

International TTI: -2.47% (last Friday -3.24%)—Sell signal effective 8/21/2015

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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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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