Fund Rankings Update, 2/24/2012
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Trading signal occurs in iETF model portfolio: Sell IOO, Buy EWZ
Fund Rankings Update, 2/17/2012
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Upward momentum kept stocks moving higher. The SP 500 index closed this week at 1361 up 1.38%, the Dow Jones Industrial Average gained 1.16%, and the Nasdaq composite index increased 1.65%.
All the major indexes are at the top of their resistance levels. Judging from how the stocks behaved recently, it is a matter of time that they will break though these levels. For US sectors, technology and automotive are coming on strong for the past week, while biotech and construction are still holding the top ranks. In the global regions, India is moving up fast while Brazil is holding the top rank for the third week in iETF ranking table.
For readers who are interested in the past rankings and like to do their own studies, I have posted the past ranking history in the google docs. They can be accessed from links:
WeeklRank_Archive_2011 - https://docs.google.com/
WeeklRank_Archive_2010 - https://docs.google.com/
WeeklRank_Archive_2009 - https://docs.google.com/
WeeklRank_Archive_2008 - https://docs.google.com/
WeeklRank_Archive_2007 - https://docs.google.com/
WeeklRank_Archive_2006 - https://docs.google.com/
WeeklRank_Archive_2005 - https://docs.google.com/
Fund Rankings Update, 2/10/2012
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
As major stock indexes approached the key resistance level, stocks had the first down week since the beginning of the year. The SP 500 index closed this week at 1342 down 0.17%, the Dow Jones Industrial Average lost 0.47%, and the Nasdaq composite index decreased 0.06%.
From the weekly chart of S&P 500, we can see that this rally has been very strong, and its trending slope is similar to the rally we had in September 2010. The last rally ran into several head wind in 2011, struggled to consolidate above its trend line and ended up giving back all the gain it had. Without man made economic crisis and natural disaster, I expect this rally to last longer than the last one as economy picking up steam. However, the way up is not always a straight line, we will see some bumps along the way.
Fund Rankings Update, 2/3/2012
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Economy added 243000 jobs in January more than the 150000 jobs predicted by economists and the unemployment decreased to 8.3% from 8.5% in December. Boosted by the strong economy data, DJIA and NASDAQ reached their highest level in 3 years. The SP 500 index closed this week at 1344 up 2.17%, the Dow Jones Industrial Average gained 1.59%, and the Nasdaq composite index increased 3.16%.
As US economy getting stronger, financial and basic material sectors are moving up in the sector fund ranking tables while Housing and Biotec sectors remain on the top. For global regions, Brazil and China have moved up fast and are holding the top ranks. S&P is approaching the resistance level of 1350-1360 in the coming weeks. It will be interesting to see how the index reacts to this key resistance level.
Fund Rankings Update, 1/27/2012
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Company earnings have been strong, but 4th quarter US GDP came in at 2.8% less than the 3.1% predicted by the economists. Stocks were mixed with the SP 500 index closed this week at 1316 up 0.07%, the Dow Jones Industrial Average lost 0.47%, and the Nasdaq composite index increased 1.07%.
With the global economy backdrop, performance of US stocks has been stronger than the other global regions/countries. S&P 500 index is well above its trend line with high momentum, indicating that the rally will last for a while. Weekly chart shows a resistance around 1360 and we may see some consolidation at that level in the coming weeks.
Fund Rankings Update, 1/20/2011
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Trading signal occurs in SSPP model portfolio: Sell FIUIX, Buy FRESX
Trading signal occurs in iETF model portfolio: Sell CASH, Buy IOO.
Stock market has a good start so far for the year with major indexes going up for the third week. Tech company earnings announcements this week have been strong, with Intel, IBM and Microsoft beating street expectation despite Google's miss. SP 500 index closed this week at 1315 up 2.04%, the Dow Jones Industrial Average gained 2.4%, and the Nasdaq composite index increased 2.8%. We are in the midst of earning report season. Apple, Yahoo, Ford, McDonald, and Netflix are due to report their quarterly earnings next week. It will be interesting to see how markets react to them.
With the trading signals this week, our model portfolios are all in offensive positions. US market and its sectors have been strong for a while and the international regions which have been lagging the US are turning around. There is quite a room to grow if we can sustain the momentum through out the year.
Fund Rankings Update, 1/13/2012
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Trading signal occurs in RSP model portfolio: Sell 42535, Buy 05087(LSV LGE CP VALUE EQ).
Trading signal occurs in ETF model portfolio: Sell IDU, Buy IBB.
Trading signal occurs in FEMKX timing model: Sell Cash, Buy FEMKX
Rating downgrade of the euro zone countries dampened investors' confidence on Friday, but all major indexes still managed to post a small gain for the week. SP 500 index closed this week at 1289 up 0.88%, the Dow Jones Industrial Average gained 0.5%, and the Nasdaq composite index increased 1.36%.
Trading signals have turned positive one by one in our ranking tables as momentum of growth stock funds outpace the defensive utility or bond funds. This week, RSP model portfolio is moving from defensive PIMCO REAL RETRUN fund to a more aggressive large cap value stock fund, and in the ETF ranking table, signal was generated to move from utility sector fund to biotech sector fund. For our FEMKX timing model, which use STO as trading signal, a buy signal was trigger as its STO climb above the threshold of 50 (see chart below). The system has stayed away from the market for about 5 months since the last trade in August. The chart shows that the momentum indicator has climbed above 50 but the price is still below the trend line. A reversal of the trend will need the price to climb above the trend line for confirmation. Trading with this signal then is a bit risky, and a conservative trade will be to wait for the price to climb above the trend line. However, the FEMKX timing signals have been robust until the last trade in July-August so we shall see how this one performs.
Subscribe to:
Posts (Atom)