ETF Tracker Newsletter For September 1, 2017

ETF Tracker StatSheet


[Chart courtesy of]

  1. Moving the Markets

The main problems of the past week, N. Korea and Harvey, got some company today when the jobs report turned out to be simply ugly with the BLS reporting that only 156k jobs were created in August compared to expectations of 180k. In addition, as we have come to expect, sharp downward revisions for June and July to 210k and 189k respectively, a combined loss of 41k, did not put the data series in a stellar light. However, in this new economy, all news are good news and the twisted minds of Wall Street celebrated this as a win supported by the logic that the Fed may slow down somewhat on intended future rate hikes.

Overall, this past week has been a crazy one, as ZH summed up:

  1. Nasdaq +2.75% – best week since Dec 2016
  2. S&P +1.5% – best week in 4 months
  3. Trannies +2.8% – best week in 3 months
  4. Gold +2.6% – best week since April 2016

Equity ETFs followed the bullish trend with Emerging Markets (SCHE) leading the way via a gain of +0.74%. SmallCaps (SCHA) had a good day as well with +0.52%. The only red number came from Aerospace & Defense (ITA), which showed a small loss of -0.27%.

Despite the hope for a slowdown in future rate hikes, reality turned out to be different with the yield on the 10-year bond rising 4 basis points to 2.16%. That pulled the rug out from under the 20-year bond price, which gapped down and declined -0.97%.

Gold continued its northerly path and added +0.62% to close at $1,330. The US Dollar (UUP) again traded in a broad range and managed to add +0.21% but remains in dead-cat-bounce territory.

  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 a tad as the major indexes inched higher.

Here’s how we closed 9/1/2017:

Domestic TTI: +2.81% (last close +2.95%)—Buy signal effective 4/4/2016

International TTI: +6.13% (last close +6.38%)—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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