Below is a portion of the Self Investors ETF Tracker (minus a few of the data columns so I could fit it into the page). The most important data is the DI15 and DI30 columns which measure the amount of demand over the past 15 and 30 trading days. I use the ETF Tracker to gauge where in the market the money is flowing and can easily see that with the Demand Indicator scores.
You can see that most of the institutional buying has flowed into the financials and to a lesser degree, healthcare/biotech. Please note that points are awarded for both high volume moves up as well as light volume moves down (healthy selling), so an ETF may be moving down in price but could have a bullish demand score which could indicate a bottom.
For example, take a look at the iShares Global Energy ETF (IXC). The fund is down about 30% in the last two months, but clearly the selling has been on light volume as indicated by its positive demand scores. This might be an ETF I consider for a bounce back play in oil. There is big support in this at around 40/share.
Another interesting thing to point out is the quiet emergence of the India funds, particularly the Morgan Stanley India ETF (IIF). Notice that over the last 15 trading days there has been either big buying, light selling or both. Taking a look at the chart reveals some big buying going on over the past month. This could be a long term bottom in India and I’ll be watching the India ETFs carefully for an entry.
| Ticker | Name | DI 15 |
DI 30 |
% From 50 DMA |
% From 200 DMA |
|---|---|---|---|---|---|
| UYG | ProShares Ultra Financials | 108 | 51 | -1.43 | -33.29 |
| RKH | HLDRS Regional Banks | 85 | 57 | 8.05 | -11.44 |
| TKF | Turkish Fund | 43 | 31 | 3.08 | -10.39 |
| PJB | PowerShares Dynamic Banking | 40 | 38 | 7.09 | 1.07 |
| IXJ | Ishares Global Healthcare | 35 | 36 | 5.06 | 1.12 |
| XLF | SPDR Financial | 34 | 25 | 1.65 | -15.3 |
| URE | ProShares Ultra Real Estate | 33 | 8 | -4.21 | -14.01 |
| BBH | HLDRS Biotech | 32 | 32 | 13.13 | 17.83 |
| IIF | Morgan Stanley India Fund | 30 | 3 | 6.04 | -18.22 |
| PBE | PowerShares Biotech/Genome | 25 | 25 | 9.24 | 8.87 |
| XHB | SPDR Homebuilders | 25 | 14 | -0.46 | -11.08 |
| ICF | Ishares Realty | 24 | 19 | 0.26 | -1.73 |
| IXC | IShares S&P Global Energy | 20 | 17 | -13.25 | -9.09 |
| IAI | Ishares Broker Dealers | 18 | 8 | -4.01 | -21.34 |
| IHF | Ishares Health Care Providers | 18 | 20 | 4.65 | -8.94 |
| PXN | PowerShares Lux Nanotech | 15 | 11 | 0.57 | -4.7 |
| SMN | ProShares Ultra Short Basic Materials | 14 | 31 | 22.7 | 0.35 |
| RWR | streetTRACKS Wilshire REIT | 14 | 6 | 0.11 | -1.98 |
| IFN | India Fund | 13 | -4 | 3.93 | -15.02 |
| DUG | ProShares Ultra Short Oil & Gas | 12 | 26 | 26.76 | 6.61 |
Disclaimer: no positions in the ETF’s above