ETF Tracker Newsletter For September 16, 2016

ETF Tracker StatSheet



Market Commentary



[Chart courtesy of]

1. Moving the Markets

It has been a volatile week to say the least. The Dow Jones Industrial average ended slightly lower today to round out the week on Wall Street. Traders are once again looking ahead to next week’s Fed meeting on interest rates to see if they can decipher any meaningful info that could be utilized to secure gains.

The Dow closed up about 90 points for the week. And while the wild market swings continue (as investors gauge whether central banks will continue to support markets at levels of the past) the moves have transitioned towards the upside after last Friday’s nearly 400-point rout. While the Dow has posted three triple-digit moves this week, two of them have been of the bullish flavor. The Dow soared nearly 200 points yesterday, offsetting a nearly 260-point drop Tuesday, thus volatility remains the word moving forward.

In banking news, the U.S. Justice Department is seeking a $14 billion civil settlement with Deutsche Bank (DB) over the German financial institution’s alleged role in artificially propping up the U.S. housing market leading up to the Great Recession back in 2008. Deutsche Bank shares traded in New York plunged 8.4% to $13.50 in pre-market action Friday after the company confirmed that justice negotiators had staked out “an opening position” of $14 billion in their discussions. Ouch!

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 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 Trend Tracking Indexes (TTIs) showed a mixed picture this week with the Domestic one slightly gaining while the International one headed south. All eyes are on the Fed meeting next week, but I can’t see how they can possibly raise rates given the constantly deteriorating economic data points.

Here’s how we closed 9/16/2016:

Domestic TTI: +2.03% (last Friday +1.75%)—Buy signal effective 4/4/2016

International TTI: +3.02% (last Friday +4.02%)—Buy signal effective 7/19/2016

Have a great weekend.


Disclosure: I am obliged to inform you that I, as well as my advisory clients, own some of the ETFs listed in the above table. 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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