ETF Tracker Newsletter For November 17, 2017

ETF Tracker StatSheet


[Chart courtesy of]

  1. Moving the Markets

Center stage again were developments surrounding the House’s tax cut plan, and it’s now up to the Senate to either agree (no chance) or come up with mutually agreeable changes or adjustments. This uncertainty spread to the major indexes, which were unable to muster a strong enough charge to conquer the unchanged line. In the end, we gave back some of yesterday’s winnings with only the Nasdaq and SmallCaps managing to eke out some weekly gains.

The picture in our ETF portfolios was mixed as well. Emerging Markets (SCHE) headed solidly higher and added +0.62% on top of yesterday’s strong gain. SmallCaps (SCHA) and MidCaps (SCHM) fared well with increases of +0.43% and +0.41% respectively. On the downside, Semiconductors (SMH) surrendered -1.54% of its impressive YTD gains, followed by Transportations (IYT) with -1.13%.

Interest rates rose again with the 10-year yield climbing 4 basis points to end the week at 2.37%. We saw a wild week in the High Yield ETF HYG as a meltdown was followed by a melt up resulting in a higher close back on the bullish side of its 200-day M/A. Gold and Oil closed to the plus side today with gold again attempting to break through the $1,300 overhead ceiling.

The US dollar (UUP) had its worst week in a couple of months and dropped to a 4-week low by retreating -0.29% 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) slipped a tad as uncertainty reigned.

Here’s how we closed 11/17/2017:

Domestic TTI: +2.95% above its M/A (last close +3.14%)—Buy signal effective 4/4/2016

International TTI: +5.31% above its M/A (last close +5.65%)—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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