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

ETF/No Load Fund Tracker StatSheet



Market Commentary


Fri pic

[Chart courtesy of]

1. Moving the Markets

The S&P 500 approached setting a new closing high today after a stronger-than-expected jobs report sparked a huge rally and Wall Street finally recouped all of its ‘Brexit’ related losses.

The jobs report that many were awaiting reported that 287,000 jobs were created in June, far above the 180,000 estimate, which as a headline number looked good, so the computer algos ran with it. However, when looking under the hood, it turns out that not only was last month’s number reversed from a meager 38,000 gain to only 11,000, most of the current additions were in the minimum wage area and also gobbled up by those over 55 years of age. These are hardly facts that will contribute towards reducing U.S. recession fears on Wall Street and for the rest of the globe.

The good news on the jobs front could, however, put a potential interest rate hike by the Federal Reserve back on the table for later this year, perhaps in December. Investors that had been ruling out any rate hikes until next year might have to rethink their views. But hey, as long as the computer algos are programmed to play headline hockey, all is well…

In auto news, we heard a final decision from Volkswagen Group today that it will officially pay $86 million in civil penalties to California after the state’s regulators helped to expose the company’s emissions scandal. That settlement is separate from a recent deal between U.S. regulators and Volkswagen in which the automaker has agreed to pay up to $14.7 billion to buy back vehicles, make repairs, offer compensation to consumers, or some combination of the above.

Closing out the week, the markets seem to be headed in a bullish direction moving forward. The S&P 500 is flirting with record high territory and the question in my mind is “what’s next?” once this goal has been achieved. After all, I facetiously commented 2 days ago that we should reach new all-time highs by next Tuesday.

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) followed the indexes as the headline jobs reported sparked another rally towards all-time highs. The International TTI recovered as well but still remains bearish.

Here’s how we ended this week:

Domestic TTI: +2.42% (last Friday +1.88%)—Buy signal effective 4/4/2016

International TTI: -0.77% (last Friday -0.73%)—Sell signal effective 6/28/2016

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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About Ulli Niemann

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