Trading signal occurs in sETF model portfolio: Sell JXI, Buy IGV
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| Weekly chart of S&P 500 index |
Fund Rankings Update, 2/22/2019
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 JXI, Buy IGV
Stocks advanced for the ninth weeks, the longest streak in the past 20 years, amid slower business investment and Fed's dovish posture on interest rate hikes. Indication of progress in US-China trade negotiation also helped boosting investors sentiment. For the week, S&P 500 index closed at 2792 up 0.61%, Dow Jones Industrial Average gained 0.57% and technology laden NASDAQ composite index increased 0.74%
Technical pattern of S&P 500 index stays the same as last week. The index is above its trend line with high momentum. We may see the index to fall back testing its support but expect the rally to continue.
Trading signal occurs in sETF model portfolio: Sell JXI, Buy IGV
Fund Rankings Update, 2/15/2018
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.
Optimism about a trade deal between US and China moved the stocks higher for the eighth week even though the weak December retail sales data dampened the investors' mood on Friday. For the week, S&P 500 index closed at 27757 up 2.5%, Dow Jones Industrial Average gained 3.09% and technology laden NASDAQ composite index increased 2.39%.
A month ago, our FEMKX timing system turned positive, and two weeks ago, we commented that this is a "V" shape rebound (recovery) as S&P 500 index climbed above its 28 week moving average. The momentum indicator STO[15,1] of S&P 500 just crossed above 80 into the overbought region but still has room to grow while the index is firmly above its support line. We expect the upward momentum to keep the recent rally going for another few weeks.
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| Weekly chart of S&P 500 index |
Fund Rankings Update, 2/8/2019
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 Cash, Buy FRESX
Trading signal occurs in SELECT model portfolio: Sell FDRXX, Buy FBSOX
Trading signal occurs in RSP model portfolio: Sell 99327, Buy 42625
Stocks move side way with positive bias and rose for the seventh week. Strong economic data in service sector expansion push the markets higher while concern about the progress in US-China trade negotiation weighed in on the markets. For the week, S&P 500 index closed at 2707 up 0.05%, Dow Jones Industrial Average gained 0.17% and technology laden NASDAQ composite index increased 0.47%
After closed above its 28 week moving average the first time last week, S&P 500 index tested the support level mid-week and stay above the moving average for the week. As the index stay above the trend line and its momentum indicator is moving higher, we think the market will resume its advance from here.
As the stocks moving higher, our model portfolios started to take on more risk. This week, we have three trading signals occur in SSPP, SELECT, and RSP to move from defensive cash or income fund to more offensive growth type of funds. With these signals, our model portfolios are all in the long positions. We will see how these signals work out as the stock markets develop for the rest of the year.
Trading signal occurs in SELECT model portfolio: Sell FDRXX, Buy FBSOX
Trading signal occurs in RSP model portfolio: Sell 99327, Buy 42625
Stocks move side way with positive bias and rose for the seventh week. Strong economic data in service sector expansion push the markets higher while concern about the progress in US-China trade negotiation weighed in on the markets. For the week, S&P 500 index closed at 2707 up 0.05%, Dow Jones Industrial Average gained 0.17% and technology laden NASDAQ composite index increased 0.47%
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| Weekly chart of S&P500 index |
As the stocks moving higher, our model portfolios started to take on more risk. This week, we have three trading signals occur in SSPP, SELECT, and RSP to move from defensive cash or income fund to more offensive growth type of funds. With these signals, our model portfolios are all in the long positions. We will see how these signals work out as the stock markets develop for the rest of the year.
Fund Rankings Update, 2/1/2019
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 Cash, Buy VEMAX
Stocks rose for the sixth week encouraged by better than expect company earning and Fed's dovish position about rate hikes. For the week, S&P 500 index closed at 2706 up 1.57%, Dow Jones Industrial Average gained 1.32% and technology laden NASDAQ composite index increased 1.38%
S&P 500 index closed above its 28 week moving average after 6 weeks of advance from its low of 2346. As the momentum of the index is heading higher, it appears that this is not a "W" shape but a "V" shape recovery. With the strong rebound, our model portfolios are slowly back to market. We expect all model portfolios will be out of the cash position in the next ranking report.
Stocks rose for the sixth week encouraged by better than expect company earning and Fed's dovish position about rate hikes. For the week, S&P 500 index closed at 2706 up 1.57%, Dow Jones Industrial Average gained 1.32% and technology laden NASDAQ composite index increased 1.38%
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| Weekly chart of S&P 500 index |
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