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Big Recent Inflows To Top ETFs Predicted Today’s Sharp Market Bounce

Analyst Paul Weisbruch of Street One Financial brings us his daily fund flows update, which today points out some recent inflows to major equity funds that seemed to predict today’s significant upturn.

The market is putting together a very strong post-Groundhog Day session today, and looks to be threatening new highs once again as the S&P 500 (SPX) is currently trading north of 2295 (2300.99 was the previous intraday high traded at seven trading sessions ago). The Dow Jones Industrial Average (DJIA) is once again above 20,000 for the moment, and RUT, along with tracker IWM (Russell 2000) is trying to eclipse its previous all-time high that was reached in early December of last year.

Of course, we had mentioned on a couple occasions earlier this week the inflows into SPY (>$4 billion lately), IWM (>$800 million) and now QQQ (Nasdaq-100, >$1.5 billion in) as well following major earnings reports from the likes of AAPL and FB, for instance.

Elsewhere, even after a more than 7% move higher this week post-earnings, we are still seeing interest in upside in AAPL via March 130 calls in the marketplace.

The PowerShares QQQ Trust, Series 1 ETF (NASDAQ:QQQ) was trading at $125.43 per share on Friday morning, up $0.11 (+0.09%). Year-to-date, QQQ has gained 5.87%, versus a 2.54% rise in the benchmark S&P 500 index during the same period.

QQQ currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 32 ETFs in the Large Cap Growth ETFs category.

Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.

About the Author: Paul Weisbruch

paul-weisbruchPaul Weisbruch is the VP of ETF/Options Sales and Trading at Street One Financial. Prior to joining the team at Street One, Paul served as the Director of RIA and Institutional ETF Sales at RevenueShares ETFs from December 2007 until November of 2009. Before RevenueShares, Paul was employed by Susquehanna International Group from 2000 until 2007 serving in roles including OTC/NYSE Institutional Block Trading, Nasdaq/OTC Market Making, ETF/Derivatives Intelligence and Strategy, Algorithmic Trading, as well as acting as the PHLX Floor Specialist in the ETFs, SPY and DIA.Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and for instance.

He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.

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