ETF Tracker Newsletter For August 11, 2017

ETF Tracker StatSheet


[Chart courtesy of]

  1. Moving the Markets

We saw a little bit of a recovery, after yesterday’s shakeout caused by N. Korea jitters, with the major indexes clawing back to close above the unchanged line. The gains were tiny but at least the Nasdaq had a solid showing with +0.64%; Semiconductors did even better by adding +0.92%.

For the week, the S&P 500 surrendered -1.45%, which is not exactly earth shattering, or even noteworthy, given the magnitude of the post-election rally. Again, ZH posted a nice summary of the ups and downs of this most recent roller coaster ride:

  1. Dow’s worst week in 5 months (Mar ’17)
  2. S&P’s worst week since pre-election (Nov ’16)
  3. Russell 2000 worst week since Feb ’16
  4. Financials worst week in 5 months
  5. VIX biggest percentage spike since Aug ’15 (China Deval)
  6. HY Credit Risk biggest jump since election (Nov ’16)
  7. Silver’s biggest week since Jul ’16
  8. Gold’s biggest week since Apr ’16
  9. Offshore Yuan’s best week in 7 months (Jan ’17)

Today’s bounce was not exactly awe inspiring, so we’ll have to wait and see if and how the N. Korea events shape up over the weekend. Other assets that were affected negatively during the past 5 trading sessions were Energy, Financials and Retailers with the latter suffering the greatest losses.

The beneficiaries of this geopolitical uncertainty were bonds and gold. Bond yields dropped this week allowing the 20-year bond to rally although today it only added a meager +0.05%. Gold is now pushing against the $1,300 glass ceiling as it gained +2.32% for the week.

After its recent dead cat bounce, the US Dollar (UUP) took a nosedive and headed back towards its 15-month low losing another -0.37% on the day.

  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) showed a mixed view of the market with the Domestic one gaining slightly while the International one dipped.

Here’s how we closed 8/11/2017:

Domestic TTI: +2.42% (last close +2.38%)—Buy signal effective 4/4/2016

International TTI: +5.87% (last close +6.31%)—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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