ETF Tracker Newsletter For November 18, 2016

ETF Tracker StatSheet



Market Commentary



[Chart courtesy of]

  1. Moving the Markets

The post election bull market slowed down today, and the major indexes finished with slight losses. The dollar was on a tear again and extended its rally in part supported by Fed chief Yellen’s comments that boosted expectations (now at 83%) for a December rate hike.

Financials gained slightly and were followed by energy stocks, which were supported by an uptick in oil prices; oil vacillated in a wide range above and below its unchanged line but managed to eke out a +0.31% gain.

Interest rates continued their upward trend with the 10-year Treasury now yielding some 2.35%. Gold lost again but managed to bounce off its $1,200 level; at least for the time being. Healthcare led to the downside as uncertainty about the new administration’s policies need more clarification.

After the decent post election move, things seemed to slow down a bit as the rally lost some steam; nevertheless, the major indexes closed higher for the second week in a row. Whether this bullish theme can continue or not depends if Trump’s policies are simply rhetoric or if he can actually pass proposals to implement infrastructure spending along with the widely expected reduction in taxes.

  1. 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.

  1. Trend Tracking Indexes (TTIs)

Our Trend Tracking Indexes (TTIs) presented a mixed picture week-over-week with the Domestic one eking out a small gain while the International one retreated. That seems to have been the theme of the Trump pump in that the main beneficiaries were domestic equities while the international markets, especially emerging and Latin American, suffered steep losses.

Here’s how we closed 11/18/2016:

Domestic TTI: +0.78% (last Friday +0.73%)—Buy signal effective 4/4/2016

International TTI: +1.59% (last Friday +2.14%)—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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