Fund Rankings Update, 11/25/2016

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.

Stocks went up for the third week with all the major indices making record highs during this short trading week. S&P 500 index closed at 2213, up 1.44%, Dow Jones Industrial Average gained 1.51% and technology laden NASDAQ composite index increased 1.45% for the week.

Weekly chart of S&P 500 index

As S&P 500 index broke above its previous high of 2193, we can comfortably say that the rally will keep going for another few weeks and the market is heading higher. On the sector front, finance related sectors led the way again, while small cap stocks out performed the large caps. 

Fund Rankings Updae, 11/18/2016

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 SSPP model portfolio: Sell FOCPX, Buy FGRIX
Trading signal occurs in ETF model portfolio: Sell ILF, Buy IYG
Trading signal occurs RSP model portfolio: Sell 42625, Buy 05087

Stocks built on the momentum continued to march higher for the second week with small cap tockes leading the way. Positive economic data for October retail sales and housing starts also help to sustain the rally. However, the strength of economy also raises the likelihood of a December rate hike.  For the week S&P 500 index closed at 2181, up 0.81%, Dow Jones Industrial Average gained 0.116% and technology laden NASDAQ composite index increased 1.61%.

Weekly chart of S&P 500 index

Investors foresee economic policy changes as Republican gaining control of the White House, and both congressional houses after the election, and change their portfolio allocations accordingly. In the "SECLECT" and "sETF" ranking tables, we can see the banking sector fund and finance related selector funds gaining momentum and rising up fast in the rankings tables. For general growth markets funds, small cap funds are leading the way while emerging market funds are lagging behind.

S&P 500 index has managed to sustain the rally for the second week and its momentum indicator is raising as shown in the weekly chart above. We will wait for S&P 500 to break it previous high of 2193 to call the continuation of the rally. 

Fund Rankings Update, 11/11/2016

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.

Stocks rallied after surprise win of Donald Trump for US presidential election and republican taking the control of both Senate and House. Dow Jones Industrial average initially tanked more than 800 points before the opening on the prospect of Donald Trump's presidency but recovered and started to rally as the reality set in and investors re-evaluated the pro-business stance of the Republican party.    For the week S&P 500 index closed at 2164, up 3.8%, Dow Jones Industrial Average gained 5.36% and technology laden NASDAQ composite index increased 3.78%.

Weekly chart of S&P 500 index

As political disturbance caused great volatility in the market, S&P 500 rebounded strongly and went back above the 28 week moving average support level. We will give this rally a couple of weeks to see if the rebound is robust.

Fund Rankings Update, 11/4/2016

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.

Stock markets went down for consecutive nine days, the longest loosing streak in 14 years. Positive economy data raised the chance for a December rate hike, and uncertainty surrounding the presidential election were the two major factors for this decline.   For the week S&P 500 index closed at 20856, down 1.949%, Dow Jones Industrial Average lost 1.59% and technology laden NASDAQ composite index decreased 2.77%.

Weekly chart of S&P 500 index

S&P 500 index fell below its 28 week moving average in the weekly chart, eliminating its chance to rebound from it support. With this new chart action, and low momentum, the index will stay below the support for then next few weeks. The first support below is at 2050 level and the second one is at 1990.