YCP ETF and Mutual Fund Rankings: June 2021

Fund Rankings Update, 6/25/2021

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 advanced higher with S&P 500 index and NASDAQ composite making record high. Investor sentiments were boosted by Fed Chair Jerome Powell's reiteration about recent spike in inflation as temporary on Tuesday, and the bipartisan agreement for Infrastructure deal reached on Thursday. Energy stocks outperformed the market while real estate and utility stocks underperformed. For the week, S&P 500 index went up 2.74% to 4280, Dow Jones Industrial Average gained 3.44%, and the technology laden NASDAQ composite index increased 2.35%.

Both S&P 500 index and Nasdaq composite index moved higher and made record high this past week validating our view in the past few weeks. With both indices stay above their 28 week EMA with ascending momentum, we believe the indices will climb higher in the next few weeks.

Weekly chart of S&P 500 index

Fund Rankings Update, 6/18/2021

Trading signal occurs in HSA model portfolio: Sell NSVAX, Buy NBRIX

Trading signal occurs in SELECT model portfolio: Sell FSRBX, Buy FSESX

Trading signal occurs in ETF model portfolio: Sell IYT, Buy IYE

Major indices declined this week with DJIA suffered the most and NASDAQ composite index yield a small loss. Federal reserve surprised the investor with a more hawkish stance in their post policy meeting Wednesday and Thursday announcement, as they see the inflation not as transitory as they originally thought and may raise interest rate sooner than anticipated. Tech and growth stocks outperformed the market with less decline wile cyclical and value stocks underperformed. For the week, S&P 500 index went down 1.91% to 4166, Dow Jones Industrial Average lost 3.45%, and the technology laden NASDAQ composite index decreased 0.28%.

S&P 500 index moved side way for another week hovering around 4200 while Nasdaq composite index tried to find its footing above 1400. The side way consolidation has improved the deviation of the S&P 500 index to its 28 week EMA from 10.8% in mid-April to 4.8% this past week. We expect the index will trending higher once the NASDAQ composite breaks its previous high of 14200 level next week.

Two trading signals were issued in the HSA and SELECT model portfolios due to the recent sector rotation. In HSA model portfolio, a sell signal for NSVAX was issued and is replaced with NBRIX. The model portfolio has held NSVAX for 182 days with a gain of 19%. In the SELECT model portfolio, FSRBX will be replaced with FSESX. As the momentum was not sustained, the FSRBX was held only for 60 days with a loss of 4%.

Weekly chart of S&P 500 index

Weekly chart of NASDAQ composite index

Fund Rankings Update, 6/11/2021

Trading signal occurs in sETF model portfolio: Sell IAT, Buy IEO

Tech stocks were pushed higher helped by the declining treasury bond yield through out the week as Fed indicated that they will continue the dovish monetary police for some time and the recent spike in inflation is temporary. With the help from tech stocks, S&P 500 index reached all time high of 4249 on Thursday. For the week, S&P 500 index went up 0.41% to 4247, Dow Jones Industrial Average lost 0.8%, and the technology laden NASDAQ composite index increased 1.85%.

S&P 500 index moved side way with positive bias and reach the record high this past week as NASDAQ composite index broke above the 14000 psychological barrier. If Nasdaq composite index can solidify its footing above 14000 next week, we can see the uptrend that was paused since early April to resume. An trading signal in sETF model portfolio was issued to sell IAT and buy the current number 1 AMI ranked IEO this week as the increasing energy prices pushed the related sectors higher.

Weekly chart of S&P 500 index

Fund Rankings Update, 6/4/2021

Trading signal occurs in FEMKX timing system: Sell Cash, Buy FEMKX

Major indices ended the week a bit higher in this holiday shorten week. Trading volume was still light with energy related stocks outperformed general markets. US added 559K jobs in May less than expected but the unemployment rate ticked down from 6.1% to 5.8%. Bond rate fell back after the May job report indicating that investors expect Fed's monetary policy to remain accommodating. For the week, S&P 500 index went up 0.61% to 4229, Dow Jones Industrial Average gained 0.66%, and the technology laden NASDAQ composite index increased 0.48%.

S&P 500 index has gone side way for 7 weeks waiting for NASDAQ to break above the resistance at 1400. In the mean time, our FEMKX timing system, which has been a reliable indicator for market timing, has issued a buy signal as its momentum indicator STO[15,1] climbed above 50 shown in the weekly chart below. In the weekly chart, we can see FEMKX successfully tested its 28 week EMA in early May and broke above its resistance at 48 this week heading toward the previous high of $51.4. Readers can go to the trading log page to see the past performance of FEMKX timing system, and we are looking forward to see how this buy signal perform in the future.

Weekly chart of S&P 500 index

Weekly chart of FEMKX