ETF/No Load Fund Tracker Newsletter For January 8, 2016

ETF/No Load Fund Tracker StatSheet

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

http://www.theetfbully.com/2016/01/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-01072016/

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Market Commentary

MARKETS MELT DOWN IN WORST EVER FIRST WEEK TO START THE YEAR

Fri pic 

[Chart courtesy of MarketWatch.com]

1. Moving the Markets

One look at the above chart shows the extent to which the bulls got slaughtered this week as the U.S. stock market saw an early rally fizzle out and finished sharply lower after a big late-day selloff. The selloff at the end of trading essentially dashed hopes for a market rebound today, despite a strong U.S. jobs report and a 2% rebound in China’s markets. Both the Dow and S&P 500 have posted their worst five-day start to a year in history.

Stocks got a big sentiment boost before the opening bell when the government reported that the U.S. economy created 292,000 jobs in December, which was well above the 200,000 estimate. But the early gains didn’t hold up as a look under the hood confirmed that most jobs were of the part-time variety. Job gains were also revised up 41,000 in November and 9,000 in October. The unemployment rate stayed steady at 5% in December for a third straight month.

All of our 10 ETFs in the Spotlight took a beating again, as they did all week, with the Financials (IYF) taking the dubious lead with -1.54% while the Dividend ETF (DVY) held up the best with a loss of -0.69%.

We remain on the sidelines as the bear market deepens. For the exact numbers, please see section 3 below.

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) continued its plunge and dove deeper below its long-term trend line confirming that the bear is alive and well, which shows that being on the sidelines during such a tumultuous week is a good spot to be.

Here’s how we ended the worst week ever to a new year:

Domestic TTI: -2.96% (last Friday -1.39%)—Sell signal effective 11/13/2015

International TTI: -9.62% (last Friday -6.06%)—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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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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