Monday, July 17, 2017

ETF Trends as of 7-17-2017

ETF Trends as of 7-17-2017


The chart below compares close on 7-7-2017 to close on 7-14-2017.  I comment both on these trends and the market open for the week starting on Monday 7-17-2017.


Fund Trends 7-7-2017 to 7-14-2017
Broad Market Funds
Symbol
Description
Current to 90-day Average 7-7-2017
Current to 90-Day Average 7-14-2017
% Diff.
VTV
Large Cap/Value
1.009
1.017
0.83%
VUG
Large Cap Growth
1.019
1.037
1.77%
VOE
Mid Cap Value
1.008
1.020
1.15%
VOT
Mid Cap Growth
1.021
1.032
1.15%
VBR
Small Cao Value
1.004
1.015
1.03%
VBK
Small Cap Growth
1.022
1.033
1.06%
Sector Funds
Symbol
Fund
VDC
Consumer Staples
0.981
0.985
0.40%
VDE
Energy
0.936
0.964
3.08%
VFH
Financials
1.042
1.036
-0.50%
VHT
Health Care
1.046
1.053
0.68%
VIS
Industrials
1.026
1.035
0.89%
VGT
Information Technology
1.017
1.049
3.14%
VAW
Materials
1.021
1.040
1.88%
VNQ
REIT
0.987
1.002
1.43%
VOX
Telecomm
0.953
0.951
-0.19%
VPU
Utilities
0.989
0.995
0.61%
Two Commodity Funds
GLD
Cold
0.970
0.982
1.32%
SLV
Silver
0.903
0.930
2.99%



Observations on Market Trends

The ratio of current price to 90-day average went up for all six broad market funds, for 8 of the 10 Sector funds, and both commodity funds in the table.

The ratio of current price to 90-day average went up by more than 3 percent for the energy and technology funds.

The ratio of current to 90-day average fell for only two funds – financials and telecomm.  


It is interesting that both commodity funds and broad stock market funds rose last week. Interest rates (not in table) fell last week.   Money on sidelines appears to be entering the market.

The number of funds with current price below its 90-day average fell from 5 to 4.


Observations on Market Open for 7-17-2017:

The overall market is up modestly at the open on 7-17-2017

A little after noon Financials, industrials and information technology were slightly down.

The best performing sector fund on 7-17 was the REIT fund.  


Gold and Silver continue to rise with equities.