Summer Blues

[Chart courtesy of]

  1. Moving the Markets

Due to a 2-day business trip, the next 2 market reports will be short and sweet.

The major indexes slipped and spent the entire session below their respective unchanged lines, but saving the day were SmallCaps and Transports scoring small gains, but gains nonetheless. For the month the Transportation index is up some 4%.

Interest rates dropped, along with the Nasdaq but gold rallied as saber rattling with N. Korea accelerated again. The US Dollar jumped and is honing in on its 50-day M/A.

  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) retreated as today’s overall tone was bearish.

Here’s how we closed 9/25/2017:

Domestic TTI: +2.39% (last close +2.56%)—Buy signal effective 4/4/2016

International TTI: +6.45% (last close +6.91%)—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.

About Ulli Niemann

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