Fund Rankings Update, 4/29/2016

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

 Trading signal occurs in ETF model portfolio: Sell IDU, Buy ILF.
 Trading signal occurs in sETF model portfolio: Sell IDU, Buy IGE.

Stocks reversed the course weighed down by the softer than expected first quarter GDP and the bad quarterly earning report from tech giant Apple.  For the week S&P 500 index closed at 2065, down 1.26%, Dow Jones Industrial Average lost 1.28% and the  technology laden NASDAQ composite index decreased 2.67%.

Weekly chart of S&P 500 index

As expected, the ETF and sETF model portfolio have issued trading signals to move to energy related funds, ILF and IGE, due to the recent rally and the urge in energy funds. S&P 500 index has failed its first attempt to break the 2100 resistance in weekly chart but still stays above the 28 moving average support level. As the momentum of the S&P 500 index still stays strong, we should see the second attempt to break the resistance in a week or two.

Fund Rankings Update, 4/22/2016

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

 Trading signal occurs in SELECT model portfolio: Sell FDFAX, Buy FSNGX.

Stocks went mostly higher this week carried by high momentum while technology sector was weighed down by the poor earning reports.  For the week S&P 500 index closed at 2091, up 0.52%, Dow Jones Industrial Average gained 0.59% and the  technology laden NASDAQ composite index decreased 0.65%.

Weekly chart of S&P500 index

S&P 500 index briefly went over the round number resistance of 2100 and settled down on 2091. The 2100 looks to be a very strong resistance as the index failed to stay above this level last time in November and plunged greatly afterwards. With the help of high momentum, it is likely that the index can stay above this level and keep the rally going.  As discussed last week, this rally also makes traders to take on more risk and causes the sector rotation. In the SELECT and sETF ranking tables, we have observed that the defensive sector funds falling out of favor and energy sector funds  taking leadership. This week, a trading signal was issued in the SELECT model portfolio to sell consumer staple fund, FDFAX, and buy into natural gas fund, FSNGX. The sETF model portfolio may follow suit next week. 

Fund Rankings Update, 4/15/2016

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

 Trading signal occurs in RSP model portfolio: Sell SSGA REIT (42627), Buy FNMIX.

Stocks reversed the decline and went higher this week. Jumps in oil prices due to agreement between Saudi and Russian, favorable economic from China and better than expected earning from large banks are the major factors for the rally.  For the week S&P 500 index closed at 2080, up 1.21%, Dow Jones Industrial Average gained 1.21% while technology laden NASDAQ composite index increased 1.8%.

Weekly chart of S&P 500 index

S&P 500 index still shows high momentum in the weekly chart and stays above its 28 week moving average. The rally from the bottom of 1810 looks to be continued. The rally has caused rotation in industrial sectors. Energy related sectors has gained momentum while technology related sectors move out of favor. Due to momentum change, a trading signal has been issued in RSP model portfolio to move out of SSgA REIT index fund and buy in to Fidelity new market income fund (FNMIX). Detail trading record can be found in the "Trading Logs" page.

Fund Rankings Update, 4/8/2016

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

Concern about interest rate hike and oil prices pushed investors to the side line and gave stocks a meaningful decline in two months. For the week S&P 500 index closed at 2047, down 1.21%, Dow Jones Industrial Average lost 1.21% while technology laden NASDAQ composite index decreased 1.3%.

Weekly chart of S&P 500 index

 After breaking above the 2050 resistance level, the S&P 500 index came down to test the level as a support. Continuation of the rally will rely on S&P 500 index to stay above the 2050 level. If the index can consolidate for the next couple of week above 2050, it has a great chance to break the previous high of 2125 level. 

Fund Rankings Update, 4/1/2016

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

Trading signal occurs in HSA model portfolio: Sell IUTIX, Buy VIMSX

Dovish speech from Fed Chair Janet Yellen pushed the stocks higher. S&P 500 index break above the 2050 resistance level with increasing momentum. For the week S&P 500 index closed at 2072, up 1.81%, Dow Jones Industrial Average gained 1.58% while technology laden NASDAQ composite index increased 2.95%.

Weekly Chart of  S&P 500 Index