Fund Rankings Update, 12/29/2017

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.

Apple's lowering its iPhone X sales target put pressure on technology sector and negatively affected general stock markets in this holiday-shorten week.  For the week, S&P 500 index closed at 2673, down 0.36%, Dow Jones Industrial Average lost 0.14% and technology laden NASDAQ composite index decreased 0.81%.

Weekly chart of S&P 500 index

Happy New Year! S&P 500 index took a break this past week after five weeks of advanced with higher speed. Looking back, stock markets have performed exceptionally well this year boosted by expectation for rebuilding of infrastructure, deregulation, and tax reform from the new administration. Now that all the favorable policies has been out of the door, the next catalysts to push stocks higher will be corporate earnings and economic data. We think the momentum will carry stocks higher in 2018 with moderate gain, and most likely, we will see more meaningful profit takings along the way. 

Fund Rankings Update, 12/22/2017

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.

Republican  tax reform bill passed both senate and house and signed into law by President Trump on Friday. Stocks drifted lower after rise on Monday as expectation has been met.  For the week, S&P 500 index closed at 2683, up 0.28%, Dow Jones Industrial Average gained 0.42% while technology laden NASDAQ composite index increased 0.34%.

Weekly chart of S&P 500 index

After passing of tax reform bill and temporary spending bill, S&P 500 displayed a holding pattern looking for direction as all the good news have been out in the public. Lacking stimulating news, will investors start taking profit to dress up their year-end performance? We will find that out next week. Merry Christmas and Happy New Year! 

Fund Rankings Updates, 12/15/2017

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 FEMKX, Buy FDGRX
Trading signal occurs in iETF model portfolio: Sell EWO, Buy EWY
Trading signal occurs in FEMKX model portfolio: Sell FEMKX, Buy Cash

The Fed increased the short term rate by 0.25% and anticipated three rate hikes next year as expected. Republican finally reached agreement on tax bill and will pass it next week. All major stock indices advanced higher on the news in addition to strong November retail sales and moderate inflation data.  For the week, S&P 500 index closed at 2675, up 0.92%, Dow Jones Industrial Average gained 1.33% while technology laden NASDAQ composite index increased 1.41%.

Weekly chart of S&P 500 index

S&P 500 index is 6% above it 28 week moving average as shown in the weekly chart. The question is not whether we will get a pull back, the question is when. The weekly momentum of S&P 500 index is still extremely high which should carry the index higher in the next couple weeks but it will be difficult to predict short term sentiment swing from investors. 

We have seen sector rotation in the last few weeks as investors adjusting their portfolios to take advantage of the Tax reform bill and strength of US economy. US stocks outperformed global regions and Financial sectors are leading the way. Several trading signals were issued last week and this week due to momentum ranking changes. Notably, the FEMKX timing system issued a trading signal to move to side line after 320 days due to degradation of its momentum. We have had a nice ride with FEMKX for a gain of 34% in less than a year.  

Fund Rankings Update, 12/8/2017

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 FSPTX, Buy FSELX
Trading signal occurs in ETF model portfolio: Sell FXI, Buy IGM

Economy data indicate that US economy added 228,000 jobs than the expected 19500 in November and average hourly earning grew 2.5% over last year, which boosted major stock indices higher.  However, technology sectors under-performed the general markets for the second weeks while financials outperformed the markets due to potential impacts from the proposed tax bill.  For the week, S&P 500 index closed at 2651, up 0.35%, Dow Jones Industrial Average gained 0.4% while technology laden NASDAQ composite index decreased 0.11%.

Weekly chart of S&P 500 index

Market continued its sell off from last Friday but recovered mid week and ended up about where it began as shown in the weekly chart of S&P 500 index. The index is about 5.5% above its trend line and close to where we usually see the market pull back occurs. Our view about the market direction remains the same: Continue to tend up with pull back close to the trend line along the way.  

Fund Rankings Update, 12/1/2017

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.

Progress in Republican Senate's tax reform bill and strong economic data in pending home sales, and third quarter GDP offset the volatility caused from special counsel Muller's investigation where formal national security adviser Michael Flynn plead guilty in lying to FBI.  For the week, S&P 500 index closed at 2642, up 1.53%, Dow Jones Industrial Average gained 2.86% while technology laden NASDAQ composite index decreased 0.6%.

Weekly Chart of S&P 500 Index

After closing above 2600 last week, S&P 500 index plowed ahead, survived the intraweek volatility and made another new record high. With the resilience and high momentum, the index appears to resume its advance after five weeks of rest.

A large number of funds will distribute their year-end dividends, which causes distortion in momentum ranking calculations. In the next few weeks, anomalies in momentum rankings have to be manually identified and corrected so the rankings in the ranking tables may not be as robust.  

Fund Rankings Update, 11/24/2017

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 sETF model portfolio: Sell ITA, Buy ITB.

US stock markets closed Thursday for Thanksgiving holiday and closed early Friday but strong earnings from technology companies like Apple, Google, Facebook and Amazon pushed the major indices higher.  For the week, S&P 500 index closed at 2602, up 0.91%, Dow Jones Industrial Average gained 0.86% while NASDAQ composite index increased 1.57%.

Weekly chart of S&P 500 index

S&P 500 index closed above 2600 for the first time on light volume indicating a weak rally for the week. The index went side way for the past 5 weeks, and we will see if this is the resumption of the up-trend in the next couple weeks.

Momentum ranking of ITA fell below the threshold in sETF ranking table and a sell signal was issued in the sETF model portfolio. The fund is replaced with ITB, the current number one rank fund in sETF ranking table. We have held the ITA for 88 days with a gain of 8.2%.  sETF and SELECT both contain sector funds but SELECT  model portfolio has yielded better performance this year as it catches the strong uptrend in technology sector.    

Fund Rankings Update, 11/17/2017

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.

US retail sales increased 0.2% in October and housing starts also grew more than expected to 14%. The positive economy data failed to move the stock markets higher. Major stock indices closed the week in the negative territory again except technology laden NASDAQ composite index which bulked the trend and eked out a gain.  For the week, S&P 500 index closed at 2578, down 0.13%, Dow Jones Industrial Average lost 0.27% while NASDAQ composite index increased 0.47%.

Weekly chart of S&P 500 index

After indecision last week, S&P 500 index started to pull back from its record high 2 weeks ago. Momentum indicator of S&P 500 index is still on the extreme overbought region and have room for corrective action. However as the overall momentum is still on the high side, the pull back is viewed as temporary to digest the lofty gain in the past 10 weeks. The index likely will come down, get closer to its 28 week moving average before rebounding higher. 

 

Fund Rankings Update, 11/10/2017

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.

Major stock indices all closed the week in the negative territory ending eight weeks of winning streak as congress and senate republican unveiled details of their tax reform plans. Investors' hope for tax reform this year diminished as more details on were released with large gap between the plans making them difficult to reconcile between congress and senate republicans.  For the week, S&P 500 index closed at 2582, down 0.21%, Dow Jones Industrial Average lost 0.40% while NASDAQ composite index decreased 0.20%.

Weekly chart of S&P 500 index

S&P 500 index showed the first sign of consolidation after 8 weeks of winning streak. After reaching intra-week high near 2600, the index closed almost where it was at the beginning of the week. The pattern shows the indecision of the index at the top of the top end of it upward trading channel. It is likely that we may see it goes side way with downside bias in the next few weeks. This is consistent with our recent thesis that the index needs to digest its lofty gain if the rally is to continue. 

Fund Rankings Update, 11/03/2017

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.

With favorable view on President Trump's nominee for the next Federal Reserve Chair and Apple's quarterly earnings blew past analysts' estimates, all major indices advanced to record high again.  For the week, S&P 500 index closed at 2587, up 0.26%, Dow Jones Industrial Average gained 0.45% while NASDAQ composite index increased 0.94%.

Weekly chart of S&P 500 index

Technical picture of S$P 500 index stay the same. The index is above the trend line with high momentum. The only concern is that it is too far above the trend line, which may cause short term pull back to keep the tend sustainable.

Fund Rankings Update, 10/27/2017

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 ILF, Buy FXI.

Economic data showed 3rd quarter US GDP rose 3% better than the 2.5% expected growth and strong quarterly earning reports from Microsoft, Google and Amazon pushed the stock markets to record high again.  For the week, S&P 500 index closed at 2581, up 0.23%, Dow Jones Industrial Average gained 0.45% while NASDAQ composite index increased 1.09%.

Weekly chart of S&P 500 index

Fund Rankings Update, 10/20/2017

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.

Brighter prospect of a tax reform by the end of the year as Senate passed the budget resolution boosted major indices into another record high.  For the week, S&P 500 index closed at 2575, up 0.86%, Dow Jones Industrial Average gained 2.0% while NASDAQ composite index increased 0.35%.

Weekly chart of S&P 500 index

S&P 500 index has moved decisively higher after indecision the week before as shown in the weekly chart. The momentum indicator is at the extreme overbought region and appears to carry the index even higher. However, the speed of advance for this rally is faster than the trend line since mid August and the index is currently at 5% above its 28 week moving average. Caution is warranted as short term pull back may be quick and intense. 

Fund Rankings Update, 10/13/2017

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.

Strong economic data in employment and retail sales were balanced out by political turmoil in Washington as we enter the 3rd quarter earning season. Stocks closed mostly flat after reaching record high a week ago.  For the week, S&P 500 index closed at 2553, up 0.15%, Dow Jones Industrial Average gained 0.43% while NASDAQ composite index increased 0.24%.

Weekly chart of S&P 500 index

The momentum carries the S&P to a new high this week with a small gain. Note that an indecision Doji candle stick pattern was formed in the weekly chart this week as well. In a Doji candle stick pattern, the index reached its high and low during the week but ended up where it began at the start of the week. The Doji pattern usually indicates an oncoming price reversal as the index is trading at the top of its trading channel, which is consistent of our observation last week. 

Fund Rankings Update, 10/6/2017

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.

Better than expected economic data in manufacturing and service sectors drove the stock markets higher. All major indices reached their record high with S&P 500 index closed higher for 8 days in a row, its longest winning steak since 2013.  For the week, S&P 500 index closed at 2549, up 1.19%, Dow Jones Industrial Average gained 1.65% while NASDAQ composite index increased 1.45%.

Weekly chart of S&P 500 index

S&P 500 index continues its uptrend with high momentum. The slope of its advanced has changed to the upside which warrants some caution in the weeks ahead. We can find a similar pattern looking back at the weekly chart in February/March time frame.  At that time, the index experienced a small pulled back for 6 weeks after the index moved up a lot faster than its 28 week moving average. We will see how the market plays out this time around. 

Fund Rankings Update, 9/29/2017

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 VTRIX, Buy FKAIX.

Boosted by announcement of Republican's tax plan and rebound in technology stocks, all major indices marched higher this week. S&P 500 index closed at 2519, up 0.68%, Dow Jones Industrial Average gained 0.25% while NASDAQ composite index increased 1.07% for the week.

Weekly chart of S&P 500 index

I have updated the HSA ranking table with the current funds in HSA plan. As a results, quite a few funds were removed and new funds added. A trading signal in HSA trading log was issued to reflect the change. However, as new funds do not have enough historical price data, the rankings will need a few week to stabilize.

Fund Rankings Update, 9/22/2017

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 EWW, Buy ILF.

Without major economic news, stocks took a pause after reaching record high last week. Words from president Trump and North Korean leader Kim Jong-un failed to move the market either way.  For the week, S&P 500 index closed at 2502, up 0.08%, Dow Jones Industrial Average gained 0.36% while NASDAQ composite index decreased 0.33%.

Weekly chart of S&P 500 index

From weekly chart, S&P 500 index is still marching upwards with high momentum and trying to break above the 2500 resistance level. Technical indicators show that the trend will continue in the near future.  Among the industrial sector funds, defense sector is leading the short term race due to geopolitical tension with North Korea. On the international front, Brazil and Latin America funds have been strong recently due to recovery in oil prices. 

A trading signal was issued in ETF model portfolio as EWW (Mexico fund) falls out of the top 7 ranks in the ETF momentum ranking table and is replaced by the current number one ranked fund, ILF. We have held EWW for about 6 months with a gain of 9.3%.  

Fund Rankings Update, 9/15/2017

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 rose strongly Monday as Hurricane Irma did not cause as severe damage as the forecast, and maintained the momentum throughout the week. On Thursday, inflation data showed that consumer price index went up 0.4% providing evidence that the Fed likely will raise interest at its December meeting.   For the week, S&P 500 index closed at 2500, up 1.58%, Dow Jones Industrial Average gained 2.16% and NASDAQ composite index increased 1.39%.

Weekly chart of S&P 500 index

S&P 500 challenged the 2500 resistance level this week. Its STO momentum indicator is again entering the overbought region (above 80) after reversing the downward direction 4 weeks ago.  Successful breaking of 2500 resistance indicates that the uptrend started in November 2016 will continue its advance, and we shall find that out soon in the next couple weeks.

Fund Rankings Update, 9/8/2017

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 were mostly lower in this short trading week, weighed by the concern for hurricane Irma and missile launch from North Korea.  For the week, S&P 500 index closed at 2461, down 0.61%, Dow Jones Industrial Average lost 0.86% and NASDAQ composite index decreased 1.17%.

Weekly chart of S&P 500 index

S&P 500 index stayed in the 2400 - 2500 range as discussed last week. The index is still above its trend line and the momentum is still in the mid-upper range. There is no change to our outlook that the index will slowly grind higher with minor redistribution. 

Fund Rankings Update, 9/1/2017

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 ahead of the labor day long weekend with low volume. For the week, S&P 500 index closed at 2476, up 1.37%, Dow Jones Industrial Average gained 0.8% and NASDAQ composite index increased 2.71%.

Weekly chart of S&P 500 index

In the weekly chart, S&P 500 index bounced from 2400 level last week and continue to going up this week. Its STO momentum indicator reverses the downward direction and heads back up. To continue the rally, the index has to break above 2500 level creating a higher high pattern. In the meantime, we may see it trading between 2400 to 2500 for a while before volume picks up.

Fund Rankings Update, 8/25/2017

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 sETF model portfolio: Sell ITB, Buy ITA

Stocks went up in the light trading week. With company earning report season behind us, political news about tax reform, and North Korea seems to drove the market direction. For the week, S&P 500 index closed at 2443, up 0.72%, Dow Jones Industrial Average gained 0.64% and NASDAQ composite index increased 0.79%

Weekly chart of S&P 500 index 

Weekly momentum indicator of S&P 500 index has fallen fast while the index still managed to stay above the supporting trend line. As discussed last week, the index is near the intermediate term support level of 2400. 2400 used to be a strong resistance and we will see if it has turned into a strong support.

In the sector rotation area, home construction index fund (ITB) has been weak in the past few weeks. Momentum rank of ITB has been stalled and fallen out of the top ranks in our sector fund (sETF) ranking table this week. A trading signal is issued in the sETF model portfolio, and the fund is replaced with the current number one ranked fund, ITA, for aero and defense.  

Fund Rankings Update, 8/18/2017

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 at the beginning of the week as tension with North Korea receded. However, political instability in White House darken investors' confidence with Dow Jones Industrial Average dropping 274 points on Thursday.   For the week, S&P 500 index closed at 2428, down 0.65%, Dow Jones Industrial Average lost 0.84% and NASDAQ composite index decreased 0.64%

Weekly chart of S&P 500 ndex

In weekly chart, S&P 500 index is going through redistribution phase. The STO momentum indicator falls below 80 and heading downward. The index is still above its 28 moving average which stands close to the intermediate term support of 2400. This up-trend has been 10 month old with 20% gain so far. It needs a healthy pull back to digest the gain and move higher.

Fund Rankings Update, 8/11/2017

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.

Worrying about the escalated tension between US and North Korea, investors move to defensive position and sent the stock markets lower.  Notably, technology laden Nasdaq composite index lost 2.13% on Thursday.  For the week, S&P 500 index closed at 2441, down 1.43%, Dow Jones Industrial Average lost 1.06% and NASDAQ composite index decreased 1.5%

Weekly chart of S&P 500 index

With the down week on wall street, S&P 500 index still trading in the rising channel in the weekly chart. The index still stays above 28 week moving average and posses high momentum. Our outlook remains the same that the index will grind higher with minor redistribution along the way.

Fund Rankings Update, 8/4/2017

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.

US economy created 209000 new jobs in July more than the 175000 jobs expected. The unemployment rate dipped to 4.3%, the lowest in 16 years.  The job report pushed Dow Jones Industrial Average higher making its nine day winning streak since February.  For the week, S&P 500 index closed at 2476, up 0.19%, Dow Jones Industrial Average gained 1.2% and NASDAQ composite index decreased 0.36%.

Weekly chart of S&P 500 index

S&P 500 continues to climb higher with high momentum. The short term support lies at 2450 and the intermediate term support is not far below at 2400. The up-trend is supported by strong corporate earning and underlying strength in US economy. It is likely that the index will keep grinding higher but experience minor redistribution along the way. 

Fund Rankings Update, 7/28/2017

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 were flat this week. US GDP increased 2.6% for the second quarter, slightly lower than expectation but better than  the 1.2% growth from the first quarter as economy picking steam.  Energy stocks out performed other sectors as oil prices surged almost ten percent last week. In contrast to last week, only DJIA among major indices reached the new high.  For the week, S&P 500 index closed at 2472, down 0.02%, Dow Jones Industrial Average gained 1.16% and NASDAQ composite index decreased 0.2%.

Weekly chart of S&P 500 index

Our outlook remains positive for general stock markets as S&P 500 index continues to move upwards above its 28 week moving average with high momentum.  

Fund Rankings Update, 7/21/2017

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.

Tradings signal occurs in iETF model portfolio: Sell EWP, Buy EWO

Favorable economic data from housing sector and employment report, together with strong corporate earning reports keep the rally going.  All major indices except DJIA reached another new high.  For the week, S&P 500 index closed at 2472, up 0.54%, Dow Jones Industrial Average lost 0.27% while NASDAQ composite index increased 1.19%.

Weekly chart of S&P 500 index

After breaking 2450 resistance level, S&P 500 index managed to stay above the resistance and appears to successfully test the level mid-week. Stock market in general is weaker during summer months because of quieter trading activity. However, markets have been supported by strong corporate earnings and hope for economy growth in U.S so far. In the weekly chart, S&P 500 index continues to trend up with high momentum, and our outlook for the index stay positive. 

In the sector front, technology sectors are still strong but bio-tech and health care funds have been gaining strength and moved up quickly in the sector fund ranking tables. For global funds, momentum ranking of Spain fund (EWP) has dropped out of the top 7 ranks and is replaced with the current top ranked Austria fund, EWO in our iETF model portfolio. Detail trading records can be seen in the "Trading Logs" page.  

Fund Rankings Update, 7/14/2017

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.

Major indices reached new high while NASDAQ yielded the best results this week.  For the week, S&P 500 index closed at 2459, up 1.41%, Dow Jones Industrial Average gained 1.04% and NASDAQ composite index increased 2.59%.

Weekly chart of S&P 500 index

S&P 500 index broke above resistance at 2450 this week in weekly chart with momentum indicator reverse the downward direction. We will see if the index can stay above 2450 and resume its trend up in the next few weeks.

Fund Rankings Update, 7/7/2017

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 were saved by better than expected job report on Friday that US added 220 thousand jobs in June. All major indices managed to stay in the positive territory after sharp drop on Thursday.  For the week, S&P 500 index closed at 2425, up 0.07%, Dow Jones Industrial Average gained 0.3% and NASDAQ composite index increased 0.21%.

Weekly chart of S&P 500 index

S&P 500 index fell to 2400 on Thursday but climbed back above its 50 days moving average right away on Friday. Short term support at 2400 on weekly chart appears to be strong enough to hold this digestion of gain so far. Weekly momentum indicator of the index is at the border of falling out the overbought region.  As its momentum slowly decreasing, we expect S&P 500 index to continue this consolidation for another few weeks. 

Fund Rankings Update, 6/30/2017

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.

Weakness in technology stocks pulled down the markets.  For the week, S&P 500 index closed at 2423, down 0.61%, Dow Jones Industrial Average lost 0.21% and NASDAQ composite index decreased 1.99%.

Weekly chart of S&P 500 index

Banking and healthcare sectors are the two strong sectors supporting the general markets while energy sector and technology sector dragged down the market. S&P 500 pulled back from 2450 and rebounded at 2400 this week.  Its momentum indicator has come down a bit but the index is still way above its trend line. We maintain the same outlook as last week and expect some pulled back ahead.  

Fund Rankings Update, 6/23/2017

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.

Energy stocks entered bear market territory while bank, health care and technology stocks showed some strength.  For the week, S&P 500 index closed at 2438, up 0.21%, Dow Jones Industrial Average gained 0.05% and NASDAQ composite index increased 1.84%.

Weekly chart of S&P 500 index

S&P 500 index has been trading in a narrow range near the top of the trading channel for the past 3 weeks. While its momentum is still in the high gear, we may see some healthy pulled back in the coming weeks. The overall uptrend is still intact and no major direction change is expected.  

Fund Rankings Update, 6/16/2017

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.

It was a typical summer trading week. Federal Reserve raised interest rate as expected while US retail sales came in weaker than expected. As sell-off in technology sector continued, NASDAQ composite index lagged the other major indices.  For the week, S&P 500 index closed at 2433, up 0.06%, Dow Jones Industrial Average gained 0.53% and NASDAQ composite index decreased 0.9%.

weekly chart of S&P 500 index

S&P 500 index eked out a small gain in the face of sell-off in technology sector. In the sETF and SELECT ranking tables, we can see the short term momentum indicator (SMI) of the software and computer related sectors has decreased in the last two weeks. Money rotated out of the technology sectors went into defensive sectors like health care , medical device and utility. With major indices, especially NASDAQ, over-extended themselves in May, we may see consolidation similar to the one in March and April continues. 

Fund Rankings Update, 6/9/2017

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 FDCPX, Buy FSPTX

Without major economic news, it was a typical quiet summer trading week till Friday. Sell off in leading technology companies pulled NASDAQ composite index more than 100 points in a day, while S&P 500 index and Dow Jones Industrial Average closed the day flat.  For the week, S&P 500 index closed at 2431, down 0.3%, Dow Jones Industrial Average gained 0.31% and NASDAQ composite index decreased 1.55%.

Weekly chart of S&P 500 index

Even with sharp drop in prices of leading technology companies due to profit taking on Friday, S&P 500 still stays the course marching higher with high momentum.  Outlook for S&P 500 index remains positive, as there is no deterioration in its technical picture.

Fund Rankings Update, 6/3/2017

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.

US job report showed increase of only 138,000 jobs in May, lower than expectation but major stock indices still trending higher.  For the week, S&P 500 index closed at 2439, up 0.96%, Dow Jones Industrial Average gained 0.6% and NASDAQ composite index increased 1.54%.

Weekly chart of S&P 500 index

S&P 500 index first reached the intra-week high of 2400 in February. After struggling for 11 weeks and several attempts, it finally closed above the 2400 resistance last week and advanced even higher this week. With the resistance behind its back, we expect the index to continue the uptrend and climb higher. 

Fund Rankings Update, 5/26/2017

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.

With no political news dragging behind, stocks powered ahead.  S&P 500 index and Nasdaq composite index all reached record high.  For the week, S&P 500 index closed at 2415, up 1.43%, Dow Jones Industrial Average lost 1.32% and NASDAQ composite index increased 2.08%.

Weekly chart of S&P 500 index