ETF Tracker Newsletter For January 13, 2017

ETF Tracker StatSheet

Banks Pumped And Dumped

Fri pic

[Chart courtesy of]

  1. Moving the Markets

Facebook’s 1.36% gain, the result of a stock upgrade by Raymond James, helped push the Nasdaq into record territory; the Dow faded below the unchanged line, and the S&P 500 managed to inch +0.18% higher for the day but gave back -0.1% for the week.

The major banks kicked off earnings season with good results with shares initially surging. The trend reversed later in the session, as banks stocks dumped but managed to end up on the plus side for the day with Wells Fargo closing +1.36% higher while JP Morgan added +0.53%.

The Dow’s tiny dip was caused by heavyweight Wal Mart along with other consumer stocks ending to the downside after reports showed that retail sales increased less than expected during the Holiday season.

According to Reuters, the S&P 500 is trading at 17 times expected earnings which, compared to its 10-year average of 14, leaves plenty of room for a pullback should the Trump euphoria wear thin over the next few weeks. Nevertheless, with the markets being manipulated, and no longer being dependent on fundamentals, I expect another attempt being made at Dow 20k next week before inauguration day on January 20th.

  1. ETFs in the Spotlight (updated for 2017)

In case you missed the announcement and description of this section, you can read it here again.

It features 10 broadly diversified and sector ETFs from my HighVolume list as posted every Saturday. 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.

The below 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 2017 candidates have fared so far:


Again, the %M/A column above shows the position of the various ETFs in relation to their respective long term trend lines, while the trailing sell stops are being tracked 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) again moved deeper into bullish territory despite the major indexes showing a mixed weekly performance.

Here’s how we closed 1/13/2017:

Domestic TTI: +1.66% (last Friday +1.60%)—Buy signal effective 4/4/2016

International TTI: +4.36% (last Friday +3.51%)—Buy signal effective 7/19/2016

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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