ETF Tracker Newsletter For July 21, 2017

ETF Tracker StatSheet


[Chart courtesy of]

  1. Moving the Markets

The major indexes, especially the Nasdaq, made a valiant effort to dig themselves out of an early hole in an attempt to conquer the unchanged line in order to keep the 10 day winning streak alive. Traders were “stunned” when the Nasdaq failed to achieve its 11th day of gains in a row. Of course, I am being facetious, but in the face of a market about as complacent as I have ever seen it, the indexes simply fell short despite manipulation to the contrary.

Things started out very poorly in Europe when concerns about alleged antitrust collusion for the past 20 years sent stock prices of the German Big-3 car makers (VW, Mercedes, BMW) into a tail spin, which was followed by their major indexes sinking sharply. The German DAX took the lead and lost -1.66%, as news spread across the Atlantic pushing the S&P 500 down by about -0.33%.

Even clubbing the VIX (Volatility Index) like baby seal in order to pump up stocks did not get the desired result and the VIX closed at 9.31, its lowest in history! Such are the methods being used to keep equities elevated. Utilities (XLU) were the week’s best performer obviously a result of sinking interest rates, which also assisted the 20-year bond to continue its bullish 2-week rebound. The whipping boy of the year, AKA the US dollar (UUP), extended its slide and lost another -0.33% to its lowest point since May 2016. It is now on target for the 6th monthly drop out of the last 7.

  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 equities were stuck in a sideways pattern.

Here’s how we closed 7/21/2017:

Domestic TTI: +3.68% (last close +3.87%)—Buy signal effective 4/4/2016

International TTI: +8.36% (last close +8.96%)—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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