ETF Trends: Momentum Sustains Equities

|
Includes: AGG, BBH, CEW, DIA, EEM, EWG, EWQ, EWS, EWT, EWU, EWX, EWY, FNIO, FXC, FXI, FXY, GLD, GMF, GUR, ICN, IEV, ITB, IWM, OIH, QQQ, REM, RSX, RTL-OLD, SMH, SPY, SWH, TIP, TLT, UNG, USO, VGK, XHB, XLF, XLK, XLP, XLU
by: J Clinton Hill

ETF U.S. Equity Indexes: Due to time constraints and schedule conflicts while travelling, Thursday’s comments will be brief. I will be returning to my office next Monday and resume regular blog postings.

Market momentum is still quite strong and able to sustain a high percentage of stocks above their 50 and 200 day moving average support levels. There are no changes to the trends for the major U.S. equity indexes.

Signing off @ Hillbent for The Market Direction…

Support & Resistance Levels for U.S. Equity Indexes (for 08-14-2009)

Index ETF Ticker S3 S2 S1 Pivot R1 R2 R3
DJ-30 DIA 91.69 92.78 93.49 93.87 94.58 94.96 96.05
SP-500 SPY 98.45 99.80 100.68 101.15 102.03 102.50 103.85
NASDAQ-100 QQQQ 39.18 39.59 39.81 40.00 40.22 40.41 40.82
R2K IWM 55.27 56.32 56.95 57.37 58.00 58.42 59.47
VIX Futures ETF VXX 53.28 55.62 56.44 57.96 58.78 60.30 62.64

ETF Trend Monitor (08-13-2009)

U.S. Equity ETFs
Equity Indexes Short-term Intermediate Primary
DIA (DJ Industrials) up up up
SPY (S&P 500) up up up
QQQQ (Nasdaq 100) up up up
IWM (Russell 2000) up up up
VXX (S&P 500 VIX Futures) down down down
Major Sectors Short-term Intermediate Primary
XLY (Consumer Discrtn) up up up
XLP (Consumer Staples) up up up
XLE (Energy) up up down
XLF (Financials) up up up
XLV (Health Care) up up up
XLI (Industrials) up up up
XLB (Materials) up up up
XLK (Technology) up up up
IYZ (Telecom) lateral up down
XLU (Utilities) lateral up down
Key Industries Short-term Intermediate Primary
BBH (Biotech) down up up
OIH (Oil Services) up up down
PPH (Pharmaceuticals) up up up
RKH (Regional Banks) up up up
RTH (Retail) up up up
SMH (Semiconductors) up up up
SWH (Software) up up up
IYT (Transportation) up up up
International Equity ETFs
Americas Short-term Intermediate Primary
ISI (S&P 1500) up up up
EWC (MSCI Canada) up up up
EWW (MSCI Mexico) up up up
Europe Short-term Intermediate Primary
EWU (MSCI United Kingdom) up up up
EWG (MSCI Germany) up up up
EWQ (MSCI France) up up up
RSX (Mkt Vectors Russia) up up lateral
VGK (Vanguard Europe) up up up
IEV (S&P Europe 350) up up up
Asian-Pacific Short-term Intermediate Primary
EWA (MSCI Australia) up up up
FXI (FTSE China) lateral up up
EWH (MSCI Hong Kong) lateral up up
IFN (India Fund) down lateral up
EWJ (MSCI Japan) up up up
EWS (MSCI Singapore) up up up
EWY (MSCI South Korea) up up up
EWT (MSCI Taiwan) up up up
Emerging Markets Short-term Intermediate Primary
EEM (MSCI Emerging Mkts) up up up
GMF (Emerging Asia Pacific) up up up
GUR (Emerging Europe) up up up
GML (Emerging Latin America) up up up
GAF (Middle East & Africa) up up up
EWX (Emerging Small Caps) up up up
Alternative Assets
Commodities Short-term Intermediate Primary
GLD (Gold) lateral up up
SLV (Silver) up up up
DBB (Base Metals) up up up
JJC (Copper) up up up
USO (Oil) up up lateral
UNG (Natural Gas) down down down
UGA (Gasoline) up up up
DBC (Commodities) up up lateral
DBA (Agriculture) up up lateral
Forex Short-term Intermediate Primary
UUP (U.S. Dollar) lateral down down
FXE (Euro) lateral up up
FXY (Japanese Yen) lateral lateral lateral
FXB (British Pound) lateral up up
FXC (Canadian Dollar) lateral up up
FXA (Australian Dollar) up up up
FXM (Mexican Peso) up up lateral
BZF (Brazilian Real) up up up
CYB (Chinese Yuan) lateral lateral lateral
ICN (Indian Rupee) lateral up n/a
XRU (Russian Ruble) down lateral n/a
CEW (Emerging Currency) lateral up n/a
Bonds Short-term Intermediate Primary
SHY (1-3 Yr Tsy) lateral lateral lateral
IEF (7-10 Yr Tsy) up down down
TLT (20 Yr+ Tsy) up down down
TIP (Tsy Inflation Protect) lateral lateral lateral
AGG (Investment Grade) lateral up up
JNK (Hi Yld Bonds) lateral up up
HYG (Hi Yld Corp) down up up
EMB (Emerging Markets Bonds) lateral up up
MUB (Nat’l Muni Bond) lateral lateral lateral
Real Estate Short-term Intermediate Primary
IYR (DJ US Real Estate) up up up
XHB (Homebuilders) up up up
ITB (Home Construction) up up up
FIO (Industrial Office) up up up
REM (Mortgage Reits) up up up
REZ (Residential Index) up up up
RTL (Retail Index) up up up

Market Momentum Monitor (08-13-2009)
Market Momentum 20-Day MA 50-Day MA 200-Day MA
Today 77.31% 85.50% 89.59%
Yesterday 75.81% 84.75% 89.49%
Last Week 78.71% 83.64% 88.14%
Last Month 81.51% 74.11% 80.67%

Disclosures: Hillbent.com, Inc. or its affiliates may own positions in the equities mentioned in our reports. We do not receive any compensation from any of the companies covered in our reports.