ETF Tracker Newsletter For February 10, 2017

ETF Tracker StatSheet

http://www.theetfbully.com/2017/02/weekly-statsheet-etf-tracker-newsletter-updated-02092017/

Trump’s Tax Talk Boosts Markets

[Chart courtesy of MarketWatch.com]

  1. Moving the Markets

Yesterday’s theme of renewed optimism caused by Trump’s tax talk continued through today’s session with the major indexes rising to all-time closing highs, although the gains were less than the day before. The only fly in the ointment was that volumes have decreasing as the indexes have been rising, which makes this rally a little suspect.

Additionally, volatility for the S&P 500 has been crushed to its lowest in 10 years; we have now had 85 days in a row without a 1% drop, 44 days without a 1% close to close gain or loss and 39 days without a 1% intra-day swing. These are not signs of a normal market but of a manipulated market.

Nevertheless, the bullish trend continues for the time being with today’s support coming from a spike in oil prices, which pushed the energy sector higher. All eyes continue to be on Trump next week as we are sure to see more announcements, some of which may give a further assist to the equity markets.

  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 on the back of the continued rally caused by Trump’s tax surprise announcement with details to be released in a couple of weeks.

Here’s how we closed 2/10/2017:

Domestic TTI: +2.42% (last close +2.39%)—Buy signal effective 4/4/2016

International TTI: +4.81% (last close +4.73%)—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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READER Q & A FOR THE WEEK

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Back issues of the ETF/No Load Fund Tracker are available on the web at:

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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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