Fund Rankings Update, 7/25/2014

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

Volatility due to company earning reports and geopolitical tension in Ukraine and Gaza continued this week. S&P 500 index is essentially flat at 1978, up 0.01%. Dow Jones Industrial Average lost 0.82%, and technology loaded Nasdaq composite index increase 0.39% for the week.   

Company earnings have been better than analysts' estimates. More than two thirds of the companies that have reported second quarter earnings have beaten Wall street's estimates. However, companies, like Amazon, McDonald's, which reported disappointing earnings were severely punished by investors. Weekly chart shows that S&P 500 index continued to be in a wait and see mode looking for direction. We think this holding pattern may continue for another few weeks as what had happened earlier this year in March to May time frame.

Weekly Chart of S&P 500 Index

Frund Rankings Update, 7/18/2014

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

Stocks experienced higher volatility due to earning season and geopolitical tension in Ukraine and Gaza. Large cap stocks managed to advance while small cap stocks went down.  S&P 500 index closed at 1978, up 0.54%, Dow Jones Industrial Average gained 0.92%, and Nasdaq composite increase 0.38% for the week.   

Weekly chart shows that S&P 500 index has been flat for 3 weeks as investors digest the gain and seeking direction. However, that does not tell the whole picture of this consolidation. The large cap and mid cap companies has been holding up quite well during this consolidation, while small cap companies suffered. In the weekly chart of Russel 2000 index which represents small cap companies, the index has come down 5% from its previous high in the last two weeks.  

As for industrial sectors, other than energy sectors, technology sector is coming up strong which also boosted countries like Taiwan, Mexico and other emerging countries in the global arena.

Weekly Chart of S&P 500 Index

Weekly Chart of Russell 2000 Index

Fund Rankings Update, 7/11/2014

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

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

Just as we thought the financial crisis is behind us, a major bank in Portuguese failed to pay interest for some of its debt. Investors' worries about the health of European financial system pulled down the market for the week and gave the current rally an opportunity to digest its gain.  S&P 500 index closed at 1967, down 0.9%, Dow Jones Industrial Average lost 0.73%, and Nasdaq composite decrease 1.57% for the week.   

Profit taking to reduce exposure of risk before the 2000 physiological level can be seen in the weekly chart of S&P 500 index. The index is also trading at the top of its trending channel with high momentum. We may see another few weeks of consolidation, but at this stage, the pull back is considered a healthy pause to bring the index back to the middle of the trading channel.  

Weekly Chart of S&P 500 Index

Fund Rankings Update, 7/4/2014

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


Trading signal occurs in SSPP model portfolio: Sell FRESX, Buy FICDX 
Trading signal occurs in ETF model portfolio: Sell EZA, Buy IGE 

Boosted by solid economy data and better than expected job report, stocks went up for the short trading week. S&P 500 index closed at 1985, up 1.25%, Dow Jones Industrial Average gained 1.28%, and Nasdaq composite increase 2.0% for the week.   

Energy related sectors have been very strong recently due to higher energy prices. Two trading signals were issued this week in SSPP and ETF model portfolios. In both cases,  the current holdings were replaced with energy related funds: FICDX and IGE. We have hold FRESX for 87 days with 5.2% gain and have hold EZA for 52 days with 0.35% profit. 

Stocks continue to trend up with high momentum. No one knows when the party will be over, but we will ride the trend up as long as we can with, of course, caution in mind.  Have a happy Independence Day holiday! 

Weekly Chart of S&P 500 Index