Fund Rankings Update, 6/29/2018

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 iETF portfolio: Sell EWU, Buy EWC

Stocks went down the second week due to fear of trade war between US and China. Economy data did not improve investor sentiment either. Second quarter GDP was revised down from 2.2 % to 2.0 %, and new durable good orders went down 0.6% in May.   For the week,  S&P 500 index closed at 2718 down 1.33%, Dow Jones Industrial Average lost 1.26% and technology laden NASDAQ composite index decreased 2.37%.

Weekly chart of S&P 500 index

S&P 500 index retested its 28 week moving average last week and successfully rebounded from the support as seen in the weekly chart above. We think the uptrend is still intact as long as the index can hold above its trend line. On the sector front, real estate and energy sectors are out-performing the general markets while financial related sectors are lagging. We are at the late stage of economic cycle but are not at the end yet. Higher volatility and lower growth are expected going forwards. 

Fund Rankings Update, 6/22/2018

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.

Investors' sentiment were pressured by trade tension between US and its major trading partners. Trump administration is drawing up another 200 billion of Chinese goods for increased tariff, and on Friday, President Trump warned European Union about slapping 20% tariff on European auto imports.  For the week,  S&P 500 index closed at 2754 down 0.89%, Dow Jones Industrial Average lost 2.03% and technology laden NASDAQ composite index decreased 0.69%.

Weekly chart of S&P 500 index

Weekly Momentum indicator, STO, of S&P 500 index has entered the over bought area for two weeks.  The index has come down a bit after indecision last week, as shown in the weekly chart above.  Technically, the index looks to continue its slow upward pace even with negative impact from political/economic front.  

Fund Rankings Update, 6/15/2018

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 closed mixed this week. Retail sales went up more than expected in May while Fed raised fed fund rate by quarter point on Wednesday and indicated two more rate hikes coming by the end of the year.  Friday, Trump administration slapped tariff on 50 billion China imports wile China retaliated with tariff on 34 billions of US goods. Trade war with China and potentially with US allies put a damper on investors sentiment at the end of the week.   For the week,  S&P 500 index closed at 2779 up 0.02%, Dow Jones Industrial Average lost 0.89% while technology laden NASDAQ composite index increased 1.32%.

Weekly chart of S&P 500 index

S&P 500 index took a breather this week, closed almost flat. Its momentum indicator, slow STO, has just entered overbought region. We expect the index to continue marching higher once it break the short term resistance at 2800. 

Fund Rankings Update, 6/8/2018

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 continued to advance higher encouraged by strong economic data showing expansion in manufacturing and services sectors.   For the week,  S&P 500 index closed at 2779 up 1.62%, Dow Jones Industrial Average gained 2.77% and technology laden NASDAQ composite index increased 1.21%.

Weekly chart of S&P 500 index

S&P 500 index climb higher after breaking short term resistance at 2750.  we have discussed in the past three weeks that the index is resuming its upward movement and trending higher with a moderate speed. As its momentum is growing higher, we expect the rally to continue for the next few weeks. 

Fund Rankings Update, 6/1/2018

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 were affected by variety of factors this week: Italian election results raised the worries about the stability of Euro zone, Tariffs on EU, Canada, and Mexico's import of steel and aluminum rekindle the fear of trade war, and the strong US job reports announced on Friday giving investors confidence on the economy growth.   For the week,  S&P 500 index closed at 2734 up 0.49%, Dow Jones Industrial Average lost 0.48% and technology laden NASDAQ composite index increased 1.62%.

Weekly chart of S&P 500 index

Intermediate term momentum indicator STO[15, 1] of S&P 500 index has climbed above 50 and heading higher as shown in its weekly chart. The index has stayed above its 28 week moving average for eight weeks and has successfully tested the support several times. We expect the index to advanced higher with moderate speed as we have discussed before.