Fund Rankings Update, 7/26/2013

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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Stocks trying to digest their lofty gain since end of June ended mix this week  S&P 500 index closed  at 1691, down 0.03%, Dow Jones Industrial Average gained 0.10%, and Nasdaq composite increased 0.71% for the week.

S&P 500 index is approaching the round number resistance of 1700. It failed to break above the level three times early in the week and then went into consolidation after Wednesday. On Friday, it reversed the early loss of 14 points and ended up 1 point higher. It seems that the index is taking a rest to prepare for its next wave of attack of 1700. The uptrend has been very strong, and we will ride the trend up until the chart says otherwise. 


Daily Chart of S&P 500 index





Fund Rankings Update, 7/19/2013

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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Two thirds of the company earnings reports have surpassed analysts' estimates, which helped stocks inched higher this week. However, Google, and Microsoft's missing the quarterly revenue and profit estimates dragged down the tech sector  For the week, S&P 500 index closed  at 1692, up 0.71%, Dow Jones Industrial Average gained 0.51%, while Nasdaq composite decreased 0.35%.


In the weekly chart of S&P 500 index, the index is gaining momentum as the stochastic indicator went back above 80 and going higher. With momentum on its back, the rally is expected to continue for some time. Overall, the strongest markets is in US, and bio tech, auto, and financial are the top 3 sectors.

Weekly Chart of S&P 500 index

Fund Rankings Update, 7/12/2013

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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Fed Chairman Ben Bernanke's comment to keep highly accommodative monetary policy for the foreseeable future pushed the stock market up strongly for the third week.   For the week, S&P 500 index closed  at 1680, up 2.96%, Dow Jones Industrial Average gained 2.17%, and Nasdaq composite increased 3.47%.


In the daily chart, S&P 500 index not only easily stays above its 50 day moving average but also went straight up 5 consecutive days to reach record closing high this week. With this powerful movement, we have to say that the test of support three weeks ago in the weekly chart was successful and the rally will continue. 

Weekly chart of S&P 500 index




Daily chart of S&P 500 index


Fund Rankings Update, 7/5/2013

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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Positive economy data pushed the stock markets higher. US economy added 195000 jobs in June better than the 165000 jobs  expected by the economists.  For the week, S&P 500 index closed  at 1631, up 1.59%, Dow Jones Industrial Average gained 1.52%, and Nasdaq composite increased 2.24%.

S&P 500 index rebounded the second week as shown in the weekly chart. Its momentum is slowly turning around as the STO[15, 1] indicator stop marching downward.  In the daily chart, the index managed to climbed above its 50 day moving average this Friday. If the index can stay above its 50 day moving average next week, we can confidently say that the test of support in weekly chart is successful and the index will continue its uptrend.   


Weekly chart of S&P 500 index


Daily chart of S&P 500 index