This Week in ETF Reports

IJR: New All-Time High
There are no changes to any of the iShares models this week. We have discussed several times recently the resurgence of small cap domestic equities, which have outperformed their large cap counterparts over the last few months. Earlier this week, the iShares S&P Smallcap 600 Index Fund IJR reached a new all-time high at $91, eclipsing the high it reached in 2018. IJR has a strong 4.23 fund score and a positive 2.65 score direction. On its default chart, the fund has given four consecutive buy signals. Year-to-date... (Read more)

SSTREET:  Buy XHS
As a refresher, the State Street Sector Model SSTREET monitors the Relative Strength (RS) relationships between each of the sector and industry ETFs in the model universe versus the S&P 500 Index (SPX) on a 6.5% scale. ETFs that are showing positive RS versus SPX (measured by a column of Xs) are included in the model and are removed only when that relationship reverses into Os. Over... (Read more)

FTRUSTINTL Change
There is a change to the First Trust International Model Holdings this week.  This is just the second time we are seeing a change in the holdings of the First Trust International Model this year, the first coming back in mid March, and the change is selling China FCA and buying Europe FEP.  China has fallen in it’s relative strength ranking versus the other members of the inventory enough to cause it to come out of the model.  Therefore, Europe FEP, which is the highest ranking ETF that was not already in the model is being added in the place of China.  FEP is added to the model joining Germany FGM, Switzerland FSZ, China/India FNI, and BICK... (Read more)