ETF Tracker Newsletter For March 31, 2017

ETF Tracker StatSheet

http://www.theetfbully.com/?p=18736&preview=true

A Great Quarter Ends With A Whimper

[Chart courtesy of MarketWatch.com]

  1. Moving the Markets

While it was a great quarter for the indexes, it ended with a whimper as equities could not sustain the upward momentum into the close. Most of the gains were made in January and February while March was a non-event month for the S&P 500, which went predominantly sideways and ended up losing 1 point, while gaining a solid 5.5% for the quarter.

On the downside, energy was the big loser for Q1, financials rallied for the first 2 months peaking on March 1, after which it was downhill with a late bounce off the unchanged line. Tech was the big winner and was well represented by the performance of SMH, which is featured in our “ETFs in the Spotlight” column (section 2).

The one-way trade award for the quarter goes to the US dollar which, despite a February rebound, ended up to the downside in the process supporting gold, which continued its upward march off the December lows. SmallCaps lost some of their luster this month but managed to get back within striking distance of the unchanged line.

  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) pulled back a tad as the indexes showed a mixed picture.

Here’s how we closed 3/31/2017:

Domestic TTI: +2.51% (last close +2.69%)—Buy signal effective 4/4/2016

International TTI: +5.46% (last close +5.81%)—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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About Ulli Niemann

Ulli Niemann is the publisher of "The ETF Bully" and is a Registered Investment Advisor. Learn more
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