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
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