ETF Tracker Newsletter For June 9, 2017

ETF Tracker StatSheet

Tech Gets Slammed; Dow Closes In The Green

[Chart courtesy of]

  1. Moving the Markets

Something changed in the markets today. All was well until late morning, with SmallCaps continuing their explosion, when suddenly momentum changed and south we went. The Nasdaq took the worst beating losing almost 2% with the Apple being spanked at the tune of -3.9%, its biggest one-day percentage loss since April 2016. To no surprise, the semiconductor ETF SMH, one of our holdings, followed suit by giving back -3.78%, which was to be expected given that SMH had been up over 24% YTD.

It all had to do with the VIX (Volatility Index) making a 24-year low at 9.37 before suddenly not just spiking above 12 but also above its 50/100 DMAs thereby taking the starch out of any upward momentum in the equity universe. The FANG stocks took a dive as well with Amazon (-3.16%) losing $175 billion in market cap in about 5 seconds. Ouch!

Financial and energy shares were the winners of the day with XLF and XLE gaining +1.89% and +2.47% respectively. With energy having been pounded into submission since its highs made early December, a dead cat bounce was way overdue.

Interest rates rose for the 3rd day in a row with the 1-year T-bond settling at a yield of 2.21%. The dollar followed suit with UUP showing 3-day gains as well. In the end, trading was very erratic today, and it remains to be seen if this was just an outlier or a sign of things to come.

  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) slipped as today’s session resembled a roller coaster ride.

Here’s how we closed 6/9/2017:

Domestic TTI: +3.67% (last close +4.10%)—Buy signal effective 4/4/2016

International TTI: +7.83% (last close +8.39%)—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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