ETF/No Load Fund Tracker StatSheet
THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS:
A STRONG MONTH FOLLOWED BY A WEAK ENDING
[Chart courtesy of MarketWatch.com]
1. Moving the Markets
While October might go down in history as the month that made up for all the losses since August, this week we saw mainly sideways activity with an ugly close today.
Central banks were the dominating market force this month as most economic data points disappointed generating more speculation that an interest rate hike may not be as imminent as had been feared. In the end, that is all that markets need these days in order to bounce back to keep the bullish trend alive.
Actual macro data appear to be no longer of any importance as a poor US jobs report along with a weakening dollar kept the low interest rate dream alive. Helping matters was continued weak global growth, which prompted the ECB to hint at the possibility of more stimulus causing equities to stay in rally mode.
Only 2 of our 10 ETFs in the Spotlight closed up led by Consumer Discretionaries (XLY) with +0.21%. On the downside, the Financials (IYF) gave back the most by surrendering -1.29%.
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:
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:
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) remains slight above its trend line ending this week just about where it started. As a result, we are still on hold waiting for more upside confirmation that this break-out indeed has legs.
Here’s how we ended this week:
Domestic TTI: +0.24% (last Friday +0.33%)—Sell signal effective 8/24/2015
International TTI: -2.76% (last Friday -2.47%)—Sell signal effective 8/21/2015
Have a great weekend.
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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