ETF Tracker Newsletter For January 20, 2017

ETF Tracker StatSheet

Gold Pops As Dollar Drops

[Chart courtesy of]

  1. Moving the Markets

An early rally gave way to a pullback, but the major indexes managed to claw back towards the end of the session and closed up but, for the week, the S&P 500 lost modestly by surrendering 4 points.

Of course, the inauguration took center stage as Trump was sworn in as the 45th President. Today’s modest advance in the markets marks the first time in more than 50 years that a new commander-in-chief has been greeted by rising equities on his first day in office.

Gold continued on its upward path and still remains 2017’s winner YTD while the Dow barely moved to the plus side. Financials suffered their worst week since early September 2016, and the dollar index fell for the 4th consecutive week, which is its longest losing streak in almost a year.

History shows that, aside from the first day, the S&P 500 has fallen by a median 2.7% in the month after each new president has taken over the White House since Herbert Hoover in January 1929, according to Reuters. Let’s wait and see if Trump can break this dubious record as his presidency gets underway.

  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) inched up a tad as the major indexes were stuck in a sideways pattern all week.

Here’s how we closed 1/20/2017:

Domestic TTI: +1.40% (last close +1.36%)—Buy signal effective 4/4/2016

International TTI: +4.07% (last close +3.89%)—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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