Fixed income continues to be the steady upward asset, but not all fixed income.

Sorting through the 270 ETFs with at least $1 million per day in trading volume, looking for those that are strongly upward moving, we find these 13 hitting on all cylinders:

Criterion Tests:

In addition to the liquidity of $1 million per day in volume, we used this stringent test to identify the strongest ETFs in term of established upward trend:

• 40-wk average for this week > 40-wk average for 4 weeks ago
• 20-wk average for this week > 20-wk average for 4 weeks ago
• 10-wk average for this week > 10-wk average for 4 weeks ago
• 5-wk average for this week > 5-wk average for 4 weeks ago

• 40-wk average for this week > 40-wk average for 2 weeks ago
• 20-wk average for this week > 20-wk average for 2 weeks ago
• 10-wk average for this week > 10-wk average for 2 weeks ago
• 5-wk average for this week > 5-wk average for 2 weeks ago

• price > 40-wk average
• 5-wk average > 40-wk average
• 10-wk average > 40-wk average
• 20-wk average > 40-wk average

• price > 5-wk average
• 5-wk average  > 10-wk average
• 10-wk average  > 20-wk average

There are others that are in various stages of approach to these conditions, but these 13 are the ones that are there as of this time.

Securities mentioned: AGG, BND, BSV, CFT, CIU, CSJ, MBB, PVI, PZA, SHM, SHV, SHY

Richard Shaw
QVM Group LLC

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