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| Weekly chart of S&P 500 index |
S&P 500 index closed at a record high of 3140, 5.4% above its 28 week exponential moving average. Caution is needed if the index keeps climbing higher without pull back to digest its lofty gain since late September.
Fund Rankings Update, 11/29/2019
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, as well as in http://ycprankings.awardspace.us/RankingTables.htm.
Stocks resumed its advance with optimism on US-China trade talk and positive economic data on durable good order, new home sales and upward revision of GDP. For the week, S&P 500 index closed at 3140 up 0.99%, Dow Jones Industrial Average gained 0.63% and technology laden NASDAQ composite index increased 1.71%.
S&P 500 index closed at a record high of 3140, 5.4% above its 28 week exponential moving average. Caution is needed if the index keeps climbing higher without pull back to digest its lofty gain since late September.
S&P 500 index closed at a record high of 3140, 5.4% above its 28 week exponential moving average. Caution is needed if the index keeps climbing higher without pull back to digest its lofty gain since late September.
Fund Rankings Update, 11/22/2019
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, as well as in http://ycprankings.awardspace.us/RankingTables.htm.
As markets were light on economic data and company earning reports, stocks took a breather after six week of advancing higher. For the week, S&P 500 index closed at 3110 down 0.33%, Dow Jones Industrial Average lost 0.46% and technology laden NASDAQ composite index decreased 0.25%.
As discussed last week, S&P 500 index moved side way and tried to digest its lofty again this past week. After rebounding from 2855 in late September, S&P 500 index has climbed 255 points higher. Momentum indicator of S&P 500 index is still at an elevated level and we think a pull back will be short-lived and healthy to the continuation of the up-trend.
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| Weekly chart of S&P 500 index |
As discussed last week, S&P 500 index moved side way and tried to digest its lofty again this past week. After rebounding from 2855 in late September, S&P 500 index has climbed 255 points higher. Momentum indicator of S&P 500 index is still at an elevated level and we think a pull back will be short-lived and healthy to the continuation of the up-trend.
Fund Rankings Update, 11/15/2019
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, as well as in http://ycprankings.awardspace.us/RankingTables.htm.
Stocks continued to march higher for the sixth week as investors still hoping for a "phase one" trade deal between US and China. On Friday, White House Economic Adviser, Larry Kudlow told reporters that negotiations were coming down to "short strokes". For the week, S&P 500 index closed at 3120 up 0.89%, Dow Jones Industrial Average gained 1.17% and technology laden NASDAQ composite index increased 0.77%.
S&P 500 index continued to make record high after breaking above the 3020-3030 resistance level three weeks ago. The index has went up non-stop for six weeks and is currently 5.5% above its 28 week moving average. It is likely that the index will take a brake either moving side way or have a short term pull back in the next couple weeks to digest its recent gain.
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| Weekly chart of S&P 500 index - 11/15/2019 |
S&P 500 index continued to make record high after breaking above the 3020-3030 resistance level three weeks ago. The index has went up non-stop for six weeks and is currently 5.5% above its 28 week moving average. It is likely that the index will take a brake either moving side way or have a short term pull back in the next couple weeks to digest its recent gain.
Fund Rankings Update, 11/08/2019
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, as well as in http://ycprankings.awardspace.us/RankingTables.htm.
Trading signal occurs in SSPP model portfolio: Sell FIUIX, Buy FPBFX
Trading signal occurs in HSA model portfolio: Sell NBRIX, Buy VTRIX
Trading signal occurs in ETF model portfolio: Sell IYR, Buy EWJ
Stocks largely influenced by the US-China trade negotiation this week. Optimism about a "phase one" trade deal and a roll back of tariffs boosted investors' sentiment even though it was toned down by White House later in the week. For the week, S&P 500 index closed at 3093 up 0.85%, Dow Jones Industrial Average gained 1.22% and technology laden NASDAQ composite index increased 1.06%.
Trading signal occurs in SSPP model portfolio: Sell FIUIX, Buy FPBFX
Trading signal occurs in HSA model portfolio: Sell NBRIX, Buy VTRIX
Trading signal occurs in ETF model portfolio: Sell IYR, Buy EWJ
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| Weekly chart of S&P 500 index |
S&P 500 is now 5% above its 28 week moving average. Both the index and its momentum indicator are making higher highs and we expect the up-trend to continue. However, caution is needed if the index keep pulling away and is more than 6% above its 28 week moving average.
As long term interest rate rises, the dividend from utility and real estate stocks becomes less appealing to investors. Several trading signals occurs in our model portfolios to move out of utility and real estate funds due to this reason.
Most mutual funds also distribute year-end dividend during this period, and we expected higher volatility in fund rankings due not to market volatility but to data availability and updates.
Fund Rankings Update, 11/1/2019
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, as well as in http://ycprankings.awardspace.us/RankingTables.htm.
Stocks rose for the fourth week and reached record high with Fed cutting interest rate on Wednesday and stronger than expected job report on Friday. For the week, S&P 500 index closed at 3066 up 1.47%, Dow Jones Industrial Average gained 1.44% and technology laden NASDAQ composite index increased 1.74%
S&P 500 index reached record high as discussed in the blog last week. The index is comfortably above its 28 week moving average, and its momentum index is in the oversold region marching higher. We expect that the overall trend represented by the 28 week moving average will continue advancing higher at the current rate. However, the rally is four week old and we may see some short term digestion in the next couple of week.
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| Weekly chart of S&P 500 index |
S&P 500 index reached record high as discussed in the blog last week. The index is comfortably above its 28 week moving average, and its momentum index is in the oversold region marching higher. We expect that the overall trend represented by the 28 week moving average will continue advancing higher at the current rate. However, the rally is four week old and we may see some short term digestion in the next couple of week.
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