Archives of Weekly AMI Rankings

I have posted the past ranking history in the google docs. Readers who are interested in the past rankings and like to do their own studies can access the following links:

WeeklRank_Archive_2015 - https://docs.google.com/spreadsheets/d/1NprKEzz14L6Fsrb-o9FGBRDdDXJLHP4fXrJ3Jgi5A3U/edit?usp=sharing
WeeklRank_Archive_2014 - https://docs.google.com/spreadsheets/d/1baWjrU07yAgBiS5pP0bo7wmpMmbCTlThLZYS9JqosaM/edit?usp=sharing
WeeklRank_Archive_2013 - https://docs.google.com/spreadsheet/ccc?key=0AiQi62ZWDTW3dFNha3I0WWpDUzN1SlNialhJeWxCM0E
WeeklRank_Archive_2012 - https://docs.google.com/spreadsheet/ccc?key=0AiQi62ZWDTW3dFBfclh6cW5uYmpLTHVNd0h2WHkzVVE
WeeklRank_Archive_2011 - https://docs.google.com/spreadsheet/ccc?key=0AiQi62ZWDTW3dE5XYkd4X3QzYTE1QU1SQWFrRGdqaXc
WeeklRank_Archive_2010 - https://docs.google.com/spreadsheet/ccc?key=0AiQi62ZWDTW3dGFzMThmVl8wZ2NxQ2lrR0U0cUJmLUE
WeeklRank_Archive_2009 - https://docs.google.com/spreadsheet/ccc?key=0AiQi62ZWDTW3dE5Fc2VXNVZRNEVoOFJ6UmdWbTFXVlE
WeeklRank_Archive_2008 - https://docs.google.com/spreadsheet/ccc?key=0AiQi62ZWDTW3dE80RHRmcFhsUmYtbXdoYkhYSWNnU1E
WeeklRank_Archive_2007 - https://docs.google.com/spreadsheet/ccc?key=0AiQi62ZWDTW3dFZUOE0tRE5HdVBicEpkSVQyRDhaV1E
WeeklRank_Archive_2006 - https://docs.google.com/spreadsheet/ccc?key=0AiQi62ZWDTW3dHY4WTNTU1ZLbEVkQXVpLVRMQVh5emc
WeeklRank_Archive_2005 - https://docs.google.com/spreadsheet/ccc?key=0AiQi62ZWDTW3dFFlaUN1RGdpb3BjZktUT0JUTlZSSEE

Fund Rankings Update, 12/27/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/RankingTables.htm  and AMI Tables and Logs


Stocks continued their upward march for the second week. S&P 500 index closed at 1841, up 1.27%, Dow Jones Industrial Average gained 1.59%, and Nasdaq composite increased 1.26% for the week. 

With low interest rate and slow economy growth, stocks have performed very well. For the year, S&P 500 index went up about 29%, Dow Jones Industrial Average gained about 26% and Nasdaq composite index increased about 38%. As seen in the weekly chart below, the S&P 500 index has been trending up since the beginning of the year. It experienced a few minor corrections and bounced off three times from its 28 week moving average in June, August, and October. In 2014, it is widely expected that US economy will continue to improve while Federal Reserve will end its QE program and interest rate will rise a bit.  From the chart, we can expect the uptrend to continue for another few weeks into next year. We hope 2014 is as strong as 2013 for stock markets. Wish you a festive holiday and happy New Year! 

Weekly Chart of S&P500 Index

Fund Rankings Update, 12/20/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/RankingTables.htm  and AMI Tables and Logs

1. Trading signal occurs in FEMKX timing system: Sell FEMKX, Buy CASH.

The announcement by FED Chairman Bernanke in his last meeting that FED is going to taper QE by 10 billion dollar in January but will keep interest rate low for longer than planned removed the uncertainty in the markets and power stocks to new highs. S&P 500 index closed at 1818, up 2.42%, Dow Jones Industrial Average gained 2.96%, and Nasdaq composite increased 2.59% for the week. 

Two weeks ago, I said in the blog that we will see stocks paused for one or two weeks and take off to a new level afterwards. Now we may be in the beginning of that stock price movement as seen in the following weekly chart of S&P 500 index. If my prediction is correct, we should see stocks trending higher in the next few weeks before the inevitable correction similar to what had happened earlier this year in April and May. 

Oversee markets including emerging markets have been week and could not find a sustained uptrend this year. The momentum index of FEMKX has fallen below 75 after 88 days of holding period. Following the trading rule, we will sell FEMKX and move to cash position with a loss of 0.71%. The system has under performed the US growth stocks this year. 

Weekly Chart of S&P 500 Index

Weekly Chart of FEMKX

Fund Rankings Update, 12/13/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/RankingTables.htm  and AMI Tables and Logs

1. Trading signal occurs in RSP model portfolio: Sell FDGRX, Buy ARGFX.

2. Trading signal occurs in HSA model portfolio: Sell VGRAX, Buy TVAFX.

While economy gaining stronger footing and congress reached budget deal to avoid shutdown in the next two year, fears of Fed tapering of Quantitative Easing policy came back to haunt the stock market. Stocks followed the pattern last week, went down for the first 4 days of the week and rebounded on Friday.  S&P 500 index closed at 1775, down 1.65%, Dow Jones Industrial Average lost 1.65%, and Nasdaq composite decreased 1.51% for the week. 

Weekly chart of S&P 500 index shows that the index has came down from the top of its uprising trading channel to the middle of the trading channel.  The uptrend is still intact before the index falls below the lower bound of the trading channel and we will trade accordingly. 

Two trading signals were issued this week due the the AMI rank changes in RSP and HSA model portfolios. In RSP model portfolio, the Fidelity growth company fund (FDGRX) is replaced with Ariel fund (ARGFX), and in the HSA model portfolio, the Invesco VanKamp Midcap growth fund (VGRAX) is replaced with Thornburg Value Fund (TVAFX).

Fund Rankings Update, 12/6/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/RankingTables.htm  and AMI Tables and Logs

After eight week of gain for the S&P500 index, investor start getting FED tightening anxiety. Good economic news during the week became bad news, and stock prices went down for 5 days in a row.   Finally, the oversold condition created a buying opportunity and stocks rebounded Friday wiped out all the loss. S&P 500 index closed at 1805, down 0.04%, Dow Jones Industrial Average lost 0.41%, while Nasdaq composite increased 0.06% for the week. 

Technically, we can see the difference in intermediate and short term trend in weekly can daily chart of S&P 500 index. In the weekly chart, the momentum indicator is still at high level and price is still trending upward along the top of the trending channel. The chart pattern is similar to what it experienced in January-February this year. On the other hand, the momentum indicator in the daily chart is heading downward and the price is trending side way with downward bias. With that backdrop, we may see another one or two weeks of flat price movement in the weekly chart of S&P500 index before the index took off to anther level as what it did in March after the short term consolidation was completed. 

Weekly chart of S&P500 index

Daily chart of S&P500 index

Fund Rankings Update, 11/29/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/RankingTables.htm  and AMI Tables and Logs


Trading was quiet in this holiday shortened week with Nasdaq joining S&P500 and DJIA by breaking above its 4000 round number barrier.  S&P 500 index closed at 1805, up 0.06%, Dow Jones Industrial Average gained 0.13%, while Nasdaq composite increased 1.71% for the week. Weekly jobless number dropped more than expected and early indication of Black Friday sales is encouraging. Looks like we are going to have a good holiday season.

Weekly chart of S&P 500 index

Fund Rankings Update, 11/22/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/RankingTables.htm  and AMI Tables and Logs

Trading signal occurs in SSPP model portfolio: Sell FOCPX, Buy FLPSX.

Stocks edged higher to record territory for the second week.  S&P 500 index closed at 1804, up 0.37%, Dow Jones Industrial Average gained 0.65%, while Nasdaq composite increased 0.14% for the week. S&P 500 index and Dow Jones Industrial average have both broken above their psychological barriers of 1800 and 16000 respectively. Nasdaq composite is not far behind with 3991, 9 points shy of the 4000 barrier. 

Weekly Chart of S&P 500 Index

Fund Rankings Update, 11/15/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/RankingTables.htm  and AMI Tables and Logs

Stocks marched higher to record territory after 2 weeks of consolidation.  S&P 500 index closed at 1798, up 1.56%, Dow Jones Industrial Average gained 1.27%, while Nasdaq composite increased 1.7% for the week.

Fund Rankings Update, 11/8/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/RankingTables.htm  and AMI Tables and Logs

Trading signal occurs in sETF model portfolio: Sell IBB, Buy ITA.

Stocks continue to digest the lofty gain for the second week.  S&P 500 index closed at 1770, up 0.51%, Dow Jones Industrial Average gained 0.94%, while Nasdaq composite decreased 0.07% for the week.

Fund Rankings Update, 11/1/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/RankingTables.htm  and AMI Tables and Logs

Trading signal occurs in SELECT model portfolio: Sell FBIOX, Buy FSAIX.

Stocks took a pause after reaching record high with mixed results. S&P 500 index closed at 1761, up 0.118%, Dow Jones Industrial Average gained 0.29%, while Nasdaq composite decreased 0.54% for the week.   

Sector rotation can be observed in the SELECT ranking table: Air transportation, wireless communication  defense, and natural gas have been gaining momentum while automotive, technology and biotech have lost their shine. FBIOX was pushed out of the rank 7 in SELECT ranking table and a trading signal was issued in our model portfolio to sell the fund and buy into the current number one ranked fund, FSAIX. We have hold FBIOX for about 6 months with a gain of 16%. 

S&P 500 index is trading near the top of the rising channel as shown in the weekly chart below. Past experience has told us that stocks marched in a waved pattern and has never gone up in straight line. A slowdown or pull back is deemed to happen, however, severe and prolonged down turn is nowhere to be seen at this moment.  

Weekly Chart of SP 500 Index

Fund Rankings Update, 10/25/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/RankingTables.htm  and AMI Tables and Logs


Stocks carried the momentum from last week and marched higher. S&P 500 index closed at 1759, up 0.88%, Dow Jones Industrial Average gained 1.11%, while Nasdaq composite increased 0.74% for the week. Notably, S&P 500 index set a intra-day record high on Tuesday, and NASDAQ composite index close the week at 13-year high.  

This coming week is the fourth week of earning season. So far, two third of companies reported earning have met or exceeded expectation.  Economic data also showed that US is still growing at a slow pace and Fed is not tightening its easy money policy anytime soon.  With slow but steady growth and accommodating money policy, stocks have been trending up robustly the whole year. Without foreseeable growth-interruption event in next couple of months, the rally is expected to continue until it runs its course. 

Weekly Chart of S&P 500 index

Daily Chart of S&P 500 index

Fund Rankings Update, 10/18/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/RankingTables.htm  and AMI Tables and Logs


US congress reached an agreement to re-open the government and raise the debt limit right before the October 17 deadline. Although the agreement only provides a short term relief and kicks the can down the road to Jan/Feb 2014, stocks still went up strongly in reaction as another uncertainty is removed and investors get can back and focus on company earnings and economy development.  S&P 500 index closed at 1744, up 2.42%, Dow Jones Industrial Average gained 1.07%, while Nasdaq composite increased 3.23% for the week.

The political development in the past week validates what the charts have told us last week.  In the blog last week, we talked about that the markets were expecting a political solution to reopen the government and raise the debt ceiling based on the chart analysis for S&P 500 index. As a short term agreement has been reached,  the political turmoil is behind us and investors are turning their focus back on the company earnings (and they have been strong for this earning season so far) and economy growth. With S&P 500 index gaining momentum and trending upwards in both the weekly and daily charts, we expect to see the uptrend to continue for another few weeks.

Weekly chart of S&P500 index

Daily chart of S&P 500 index

Fund Rankings Update, 10/11/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/RankingTables.htm  and AMI Tables and Logs

Trading signal occurs in iETF model portfolio: Sell EWN, Buy EWP

A little daylight opening in resolving the government shutdown and debt limit issue pulled up the plunging stock prices. S&P 500 index closed at 1703, up 0.75%, Dow Jones Industrial Average gained 1.09%, while Nasdaq composite decreased 0.42% for the week.

Stock prices in the past week seemed to hope for an agreement to be reached to reopen the government and raise the debt ceiling. In the weekly chart of S&P 500 index, The index touch the trend line at 1650 and bounced back forming a "Hammer" candle pattern similar to what happened in the week of June 24.  In the daily chart of S&P 500 index, the index is gaining momentum after briefly hitting the short term support at 1640 level. This coming Thursday, October 17, is the deadline for reaching US debt ceiling. Whether a political solution can be reached by that time will greatly affect the market reaction. We shall see if the current price pattern is telling us the right things or not.

Weekly chart of S&P 500 index

Daily chart of S&P 500 index

Fund Rankings Update, 10/4/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/RankingTables.htm  and AMI Tables and Logs

With US federal government shut down entering the 5th days and no end in sight, stocks end up flat with downward bias for the week. S&P 500 index closed  at 1690, down 0.07%, Dow Jones Industrial Average lost 1.22%, while Nasdaq composite increased 0.69% for the week.

We talked about the divergence in daily chart and weekly chart of S&P 500 index last week. From the daily chart below, we can see the resilience of the index as it has been trying to hold above the 50 day moving average throughout the past week. If a political solution in Washington can be reached to re-open the government over the weekend (although unlikely), we can expect a pop in the index to the upside.  In the weekly chart, the index has come down a bit toward the trend line support at 1650. The best scenario is for the index to be flat for another one or two weeks so the index in daily chart and weekly chart can all lined up at around the same supports level and rally from there to the end of the year. This timing aligns well with the US debt ceiling deadline on October 17 so it is all hinged on if the congress and senate can reach an agreement to raise the borrowing limit. Otherwise, we will soon see the index heading towards the downside support at 1600 level. 

Daily chart of S&P 500 index

Weekly chart of S&P 500 index

Fund Rankings Update, 9/27/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at https://sites.google.com/site/ycprankings/  and AMI Tables and Logs

Politics in Washington trumped the economic news on Wall street this past week. Stocks were pushed down due to worries about government shutdown on October 1 and the looming showdown on debt ceiling fight. S&P 500 index closed  at 1691, down 1.06%, Dow Jones Industrial Average lost 1.25%, while Nasdaq composite increased 0.18% for the week.

A divergence can be observed in the weekly chart and the daily chart of S&P 500 index. In the weekly chart, the index is still trending up with high momentum, while in the daily chart the index has lost its momentum and heading toward 50 day MA. It is going to be very interesting in the next couple weeks to see whether the short term correction will drag down the intermediate term trend or the intermediate term uptrend will pull the short term snag back up. 

Weekly chart of S&P 500 index

Daily chart of S&P 500 index

Fund Rankings Update, 9/20/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at https://sites.google.com/site/ycprankings/  and AMI Tables and Logs

Trading signal occurs in RSP model portfolio: Sell 05087, Buy FDGRX
Trading signal occurs in FEMKX timing model: Sell Cash, Buy FEMKX

Fed surprised Wall street by delaying the tapering of QE in Wednesday's policy meeting and stocked surged to multi-year high. Stocks gave up some gain later in the week and ended up higher for the third week. S&P 500 index closed  at 1709, up 1.30%, Dow Jones Industrial Average gained 0.49%, and Nasdaq composite increased 1.41% for the week.

Weekly chart of S&P 500 index shows that the index has bounced off the trend line and is gaining momentum. The rally is expected to continue based on the technical reason. However, the uncertainty and worries about government's budget and debt limit could throw a wrench to the stock market.   

We have two trading signals in the model portfolios this week. In RSP model portfolio, the rank of LSV large cap value equity fund (05087) has been pushed down below rank 7 and is replaced with Fidelity Growth Company Fund (FDGRFX). In the FEMKX timing system, the momentum of FEMKX has been very strong in the past 3 weeks after it formed a "W" shape double bottom in the weekly chart and broke above its 28 week moving average. Its STO indicator has climbed above 50 and a buy signal is generated. 

Weekly chart of S&P 500 index

Weekly chart of FEMKX

Fund Rankings Update, 9/13/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at https://sites.google.com/site/ycprankings/  and AMI Tables and Logs


As concern about US military strike in Syria subsided and more and more investors are used to the idea of Fed's tapering of QE starting in September, all major indexes rallied right from the beginning of the week and maintain the momentum though out the week. Stocks ended up strong for the second week with S&P 500 index closed  at 1687, up 1.98%, Dow Jones Industrial Average gained 3.04%, and Nasdaq composite increased 1.7% for the week.

In the daily chart, S&P 500 index has decisively broken above its 50 day moving average. Coupled with rising STO momentum indicator and positive MACD, we have to say that the consolidation/correction has ended and the intermediate term rally has resumed.  

Daily chart of S&P 500 index

Weekly chart of S&P 500 index

Apple announced new i-phone 5S and i-phone 5C on Tuesday. The fact that it is an incremental product improvement and no announcement on China Mobil deal caused the stock to plunge from $507 to $465 in three days. Let's look at the daily chart and see if we could have traded the stock for profit and avoided this sudden loss. Apple stock started the rally in July when its STO indicator climbed up from over-sold area (20), traders could buy into the stock when its MACD turned positive around July 2 or July 3 at $420. Apple then rallied for the whole July and made a big jump after breaking 450-460 level to 500 level in August as the new i-phone 5 product release approached. However, as the release date got closer, investors became more nervous about the lack of innovation in the new products. The rally started to weakened after the stock made the short term high of $513 on 8/19 as traders began to take profit. Technically, Apple stock's daily STO momentum indicator lost steam and MACD headed lower and lower as observed in the daily chart.  On August 27, Apple's MACD turned negative with its STO already fell below 80 triggering a sell signal. Traders could have sold its Apple holdings at $490 with a holding period of 56 days (~2 months) and a gain of about 16%. As you can see in this example trade, we have not timed the stock to catch the exact bottom of $386 or the  exact peak of $513, rather we bought in to the stock when the rally was established and sold the stock when its weakness was confirmed. By paying attention to the stock price trend and its technical indicators which reflect investors' collective sentiment, we have kept the profit we made and avoided the big plunge after the new i-phone 5S announcement.  

Daily chart of AAPL

Fund Rankings Update, 9/6/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at https://sites.google.com/site/ycprankings/  and AMI Tables and Logs


Trading signal occurs in HSA model portfolio: Sell NAESX, Buy VGRAX.

Rising manufacturing activities and strong auto sales in August showed US economy grew at a higher pace while concern about military strike in Syria subsided a bit. Stocks ended up for the week with S&P 500 index closed  at 1655, up 1.36%, Dow Jones Industrial Average gained 0.76%, and Nasdaq composite increased 1.95% for the week.

In the daily chart, S&P 500 index has successfully build the short term bottom around 1630 but failed again to break above its 50 day moving average around 1665. In the weekly chart, the index has closed near its support for the second week. As MACD in the daily chart started turning positive and STO indicator started crossing over 50 and heading upwards, we may get back to the intermediate term uptrend if the index can successfully break above the 50 day moving average next week. Otherwise, it is likely that the index will go down to test the short term bottom around 1630. 

Daily chart of S&P 500 index

Weekly chart of S&P 500 index

Fund Rankings Update, 8/30/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at https://sites.google.com/site/ycprankings/  and AMI Tables and Logs


Concern about Fed's tapering of bond buying program in September and US' military strike of Syria push stocks down for another week.  Stocks ended up down for the week and down for the month of August with S&P 500 index closed  at 1632, down 1.84%, Dow Jones Industrial Average lost 1.33%, and Nasdaq composite decreased 1.86% for the week.

Technical picture of S&P 500 index shows stock markets remain in correction mode. In the daily chart, S&P 500 index has failed to break above its 50 day moving average at 1660, while trying to build a short term bottom in the last three trading days at 1630.  In the weekly chart, the index has closed near its support line with its momentum indicator heading downwards. We will see if the trend line support at 1620-1630 can hold the falling index. 

Daily chart of S&P 500 index

Weekly chart of S&P 500 index

Fund Rankings Update, 8/23/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/  and AMI Tables and Logs


Solid corporate earning reports were offset by investors' worry about Fed's tapering of the 85 billion monthly bond buying program.  Stocks ended up mixed with S&P 500 index closed  at 1663, up 0.46%, Dow Jones Industrial Average lost 0.47%, and Nasdaq composite increased 1.53% for the week.

In the daily chart, S&P 500 index managed to close the week above the 50 day moving average. The daily momentum is still very week and MACD in the chart suggests that the index still have not turned the corner yet. In the weekly chart, the weekly momentum indicator has come down from over bought condition and heading downward, which confirms the continuation of the short term correction. 

Over the past two weekends, I have learned to dynamically display the ranking tables and trading logs on my blog site (AMI Tables and Logs) using inline frame in html. I plan to remove the http link and only post tables and logs in the blog site only in the future. Hope you like this feature and let me know if you have any suggestion.

Daily Chart of S&P 500 Index

Weekly Chart of S&P 500 Index

AMI Rankings and Trading Logs

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RSP| SSPP| HSA| Select| ETF| sETF| iETF

RSP| SSPP| HSA| Select| FEMKX| ETF| sETF| iETF

Fund Rankings Update, 8/16/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.atspace.com/


Stocks endured the second week of loss as investors get nervous about the timing of Fed's tapering of QE policy and the appointment of Fed chairman Ben Bernanke's successor. S&P 500 index closed  at 1655, down 2.1%, Dow Jones Industrial Average lost 2.23%, and Nasdaq composite decreased 1.57% for the week.

In the daily chart, S&P 500 index has come down dramatically, with sharp sell-off on Thursday, to test its 50 day moving average and 1650 support level. We may see some rebound at this level as stocks are in the short term overbought condition but MACD in the chart suggests that we still have some selling to go. On the down side, the next logical support is 1600 level for the S&P 500 index. 

Daily Chart of S&P 500 Index

Fund Rankings Update, 8/9/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
and 
HSA Ranking Table
SSPP Ranking Table
New SSPP (RSP) Ranking Table
Select Ranking Table
ETF Ranking Table
sETF Ranking Table
iETF Ranking Table
SSPP, RSP and HSA Trading Logs
Select and FEMKX Trading Logs
ETF, sETF and iETF Trading Logs

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With no corporate earning reports and economy data, stocks, like cars running on empty tanks of fuel, lost their momentum. S&P 500 index closed  at 1691, down 1.07%, Dow Jones Industrial Average lost 1.49%, and Nasdaq composite decreased 0.8% for the week.

After breaking above resistance of 1700, S&P 500 index retreated back to the the narrow trading channel between 1700 and 1680 this week. The momentum indicator is falling in the daily chart but still stays in the high region in the weekly chart. The likely scenario is a healthy short term consolidation or correction here for the index to keep digesting its lofty gain so far this year and for the 50 day moving average to catch up in the daily chart.  

In case you did not see the comment I made in my last week's blog, I have identified four funds (ARGFX, FDGRX, FCNTX, and FLPSX) in our 401k plan (RSP) that showed good growth records. My selection rule is very simple: The current price of the fund needs to be  higher than its 2007-2008 (pre- great recession) high. For people who are not comfortable with trading funds, these four funds are good candidates for investing using dollar averaging method as they can recover from deep sell-off. 

Daily Chart of S&P 500 Index

Weekly Chart of S&P500 Index