On The Fly: Weekly technical notes for S&P 500

For the past week ETF fund flows were heavily skewed to creation among the top twenty ETFs by a factor of over 3.8 to 1 per data from ETF.com. Creations were additionally heavily tilted toward S&P 500 index and sector funds, accounting in aggregate for over 67% of the top ten inflows. Those funds were the SPDR S&P 500 (SPY). iShares Core S&P 500 ETF (IVV), Vanguard S&P 500 ETF (VOO), and the Consumer Staples SPDR ETF (XLP). Other inflows other than to the SPDR Gold Trust (GLD) were scattered and without much in the way of theme. On the redemptions side there was far less of a skew among the top ten. The two largest redemptions were from the iShares 7-10 Year Treasury Bond ETF (IEF) and the Vanguard Extended Market ETF (VXF).