Double-Top Fears Return, S&P 500 Stalls At 1,600 Level

by on April 27, 2013 | ETFs Mentioned:

U.S. stocks traded higher right from the opening bell on Monday morning as China growth fears subsided and upbeat earnings reports hit The Street. Despite bullish price action all week, U.S. GDP missed on Friday and the S&P 500 Index failed to summit the 1,600 level for the second time in April, leading many technicians to believe that we may have a double-top on our hands [see Free 7 Simple & Cheap All- ETF Model Portfolios].

Actionable ETF Trade Ideas

Our picks from Monday’s Insider posted solid performance results as our sector-specific bullish suspicions were well timed. Below, we highlight how our trade ideas fared during the week [sign up for a free trial of ETFdb Pro to get actionable ETF ideas every Monday, as well as access to more than 50 all-ETF model portfolios].

Last Week’s Actionable ETF Ideas
Ticker Position Week Performance
XLK

Short

Up Arrow +2.0%
XLE

Long

Up Arrow +3.0%
SPHB

Long

Down Arrow -2.7%

Trade #1 Long XLK: Up 2.0%

This recommendation was well timed; as anticipated, XLK rebounded off support right off the bat on Monday morning. Bullish pressures from the earnings front carried this ETF higher for the remainder of the week as upbeat results from Akamai and Netflix resonated well for the tech sector. This ETF still has room to run given its recent history of posting higher-highs, which brings our target to right around $31 a share.

Trade #2 Long XLE: Up 3.0%

This recommendation also took advantage of positive earnings sentiment from the energy sector after bellwethers Exxon Mobil and Chevron beat analysts’ estimates. XLE rebounded off support and inched higher all week, although minor profit taking pressures on Friday did take a small bite out of our profits for the week. 

Trade #3 Short SPHB: Down 2.7%

This defensive recommendation turned in a loss after the bulls ended up winning this week’s tug-of-war. SPHB kicked off the week with a rally that put our position in red territory right from the start; buying pressures persisted into Wednesday and we were forced to take a loss after our outlined stop-loss order was triggered at $23.25 a share.

ETFdb Portfolios

Retirement ETFdb Portfolios

Our retirement strategies fared well across the board as buyers returned to both stocks and bonds this week. Year-to-date, the best performing strategy remains the 30 Years Til Retirement Portfolio while the conservative Ready To Retire Portfolio has become the laggard.

ETFdb Portfolio 1 Week 4 Week 13 Week YTD 1 Year 3 Year 5 Year
5 Years Til Retirement Portfolio -0.14% -0.03% 1.86% 6.25% 11.87% 40.73% 65.90%
10 Years Til Retirement Portfolio -0.27% -0.21% 1.84% 7.00% 12.99% 45.54% 72.16%
20 Years Til Retirement Portfolio -0.40% -0.27% 1.82% 7.92% 14.85% 52.28% 81.60%
30 Years Til Retirement Portfolio -0.49% -0.39% 1.88% 7.76% 14.80% 56.51% 88.42%
Aggressive Portfolio -0.33% -0.35% 1.33% 6.59% 12.20% 42.15% n/a
Cheapskate Portfolio 0.11% 0.77% 3.53% 7.66% 13.77% n/a n/a
Low Volatility Portfolio -0.31% -0.83% 1.11% 4.81% 7.36% n/a n/a
Moderate Portfolio -0.55% -0.74% 1.01% 5.97% 10.96% 37.04% n/a
Ready To Retire ETFdb Portfolio -0.43% -0.64% 1.27% 5.96% 9.62% 28.55% 52.97%
As Of 09-16-2014
Regional ETFdb Portfolios

Our regional strategies all ended the week in green territory as bullish sentiment permeated all corners of the globe. Year-to-date, the best performing strategy remains the Global Titans Portfolio while the laggard is still the Africa-Centric Portfolio.

ETFdb Portfolio 1 Week 4 Week 13 Week YTD 1 Year 3 Year 5 Year
Africa-Centric Portfolio -0.83% -1.39% 1.64% 9.29% 15.46% 26.59% n/a
Asia-Centric ETFdb Portfolio -0.94% -1.72% 1.98% 6.39% 9.72% 20.64% n/a
BRIC-or-Bust ETFdb Portfolio -1.61% -0.82% 2.07% 6.66% 10.42% -0.52% n/a
Easy-As-ABC ETFdb Portfolio -1.60% -1.84% 0.37% 2.06% -4.53% n/a n/a
Emerging & Frontier Markets ETFdb Portfolio -0.98% -1.10% 1.87% 7.04% 7.80% 11.80% n/a
Euro Free Europe Portfolio 0.17% -0.89% -3.54% -2.03% 2.51% 29.93% n/a
Ex-Europe ETFdb Portfolio -0.52% -0.79% 1.99% 7.18% 11.82% 35.00% 58.46%
Ex-U.S. Portfolio -0.76% -1.83% -0.10% 3.73% 8.53% 28.20% 34.39%
Global Titans ETFdb Portfolio -0.09% -0.34% -1.18% 2.51% 8.28% 40.79% n/a
LatAm Centric ETFdb Portfolio -1.12% -0.68% 2.22% 2.49% 0.49% n/a n/a
As Of 09-16-2014
Themed ETFdb Portfolios

Our themed portfolios also fared very well across the board; year-to-date, the Baby Boomers Portfolio remains at the top of the performance list while the GLD-Free Gold Bug Portfolio is still by far the worst performer with double-digit losses.

ETFdb Portfolio 1 Week 4 Week 13 Week YTD 1 Year 3 Year 5 Year
Actively-Managed ETF Portfolio -1.08% -0.10% 1.10% 3.68% 7.40% n/a n/a
2012 ETFdb Portfolio -0.63% -0.89% -0.13% 6.90% 15.37% n/a n/a
AlphaDEX ETFdb Portfolio -0.54% -1.14% 0.03% 3.63% 9.32% 35.29% n/a
Alpha Seeker Portfolio 2.0 -0.64% -0.11% 2.54% 6.93% 12.57% 39.53% n/a
Baby Boomers ETFdb Portfolio -0.01% 0.54% 4.48% 10.13% 21.38% 90.17% n/a
Ben Graham 50/50 Portfolio -0.35% -0.39% 1.46% 5.44% 9.79% n/a n/a
Better-Than-AGG Total Bond Market ETFdb Portfolio -0.47% -1.09% 0.04% 3.93% 5.12% 8.10% n/a
Black Swan Hyperinflation Portfolio -0.53% -3.16% -3.60% 0.87% -1.51% -11.94% 14.69%
Commodity Guru ETFdb Portfolio -0.36% -1.86% -2.78% 1.06% 2.36% 2.58% n/a
Cheapskate Hedge Fund ETFdb Portfolio 0.30% 0.28% 1.36% 2.36% 3.03% 0.49% n/a
Energy Bull ETFdb Portfolio -0.54% -1.36% -2.67% 4.90% 9.93% 26.84% n/a
Equal Weight ETFdb Portfolio -0.44% -0.52% 1.81% 6.06% 10.45% n/a n/a
Financials Free ETFdb Portfolio -0.11% -0.64% -0.43% 6.05% 12.15% 37.95% 67.04%
Futures Free Commodity ETFdb Portfolio -0.72% -3.28% -2.46% 0.26% -0.81% -13.29% n/a
GLD-Free Gold Bug ETFdb Portfolio -1.39% -6.53% -2.19% 10.80% -3.92% -41.24% n/a
Greedy When Others Are Fearful ETFdb Portfolio 0.19% 0.98% 3.05% 8.79% n/a n/a n/a
High-Tax Bracket ETF Portfolio -0.18% 0.21% 1.40% 6.38% 11.78% 36.79% 59.88%
High Tech ETFdb Portfolio 0.67% 1.51% 8.08% 12.56% 21.42% n/a n/a
High Yield ETFdb Portfolio -0.68% -1.11% 0.56% 6.73% 12.35% 47.97% 77.09%
King Dollar ETFdb Portfolio -0.28% 0.43% 2.54% 6.38% 9.35% 30.65% n/a
Kitchen Sink ETFdb Portfolio -0.41% -0.61% -0.56% 3.24% 7.55% 30.59% n/a
Monthly Dividend ETFdb Portfolio -1.05% -1.07% 0.26% 7.14% 12.61% 40.15% n/a
Pure Growth ETFdb Portfolio -0.26% -0.57% 0.68% 5.23% 11.66% n/a n/a
Pure Value ETFdb Portfolio -0.79% -0.44% -0.26% 6.24% 13.63% n/a n/a
RAFI ETFdb Portfolio -0.35% -0.39% 0.47% 5.24% 13.13% 54.73% 67.42%
Simple (But Effective) Safe Haven ETFdb Portfolio -0.54% -1.31% -1.41% 5.36% 6.86% 20.45% 50.68%
Small Cap ETFdb Portfolio -0.84% -1.29% -0.90% 3.06% 8.75% 39.03% n/a
The Sky Is Falling Portfolio -0.55% -0.98% -1.64% -0.61% -1.22% 2.30% 23.66%
Socially Responsible ETFdb Portfolio -0.08% -0.89% 1.93% 4.48% 10.16% n/a n/a
Risk On ETFdb Portfolio -0.25% -0.82% 0.38% 7.95% 12.19% n/a n/a
Consumer Centric ETFdb Portfolio -1.09% -1.25% -0.24% 2.73% 7.74% n/a n/a
Agri-Bull ETFdb Portfolio -0.97% -0.81% -4.38% 1.10% 3.18% 9.78% n/a
8% Yield ETFdb Portfolio -1.17% -1.89% -1.34% 5.93% 10.75% n/a n/a
Mining Boom ETFdb Portfolio -1.56% -5.65% -1.19% 4.57% 0.30% n/a n/a
2013 ETFdb Portfolio -0.40% -0.28% 0.70% 7.71% 12.02% 51.99% n/a
As Of 09-16-2014

Disclosure: No positions at time of writing.