YCP ETF and Mutual Fund Rankings: November 2024

Fund Rankings Update, 11/29/2024

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, and sETF have been posted on "Rankings", and "Trading Logs" pages.

Trading signal occurs in ETF model portfolio: Sell FXI, Buy IGV

Stocks closed higher for the second week with the S&P 500 index and the Dow Jones Industrial Average reaching record highs. Market sentiment was mostly influenced by the incoming President Trump's appointment of Scott Bessent as Treasury secretary and his plan to impose 25% tariffs on goods from Canada and Mexico along with an additional 10% tariff on imports from China. The economic data released during the week generally met expectations with personal income and personal spending exceeding expectations while durable goods fell short. For the week, the S&P 500 went up 1.06%, closing at 6032, the Dow Jones Industrial Average advanced 1.39%, and the technology-laden Nasdaq composite index increased 1.23%.

The S&P 500 index continued its ascent along the upper boundary of its trading channel as shown in the weekly chart below. Given the index's high momentum, we maintain our positive outlook for the remainder of the year.

The weekly chart of the S&P 500 index

Fund Rankings Update, 11/22/2024

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, and sETF have been posted on "Rankings", and "Trading Logs" pages.

Stocks closed higher broadly recovering some of the loss from the previous week with the small-cap stocks outperforming the large-cap stocks. Much of the focus was on NVIDIA's third-quarter earnings announcement on Wednesday after the market close. The company reported revenue and earnings exceeded analyst's expectations but with light guidance for the fourth quarter revenue. Investors were generally satisfied with the results and the stocks ended up flat for the week. On the economic front, investors were encouraged by the unexpected drop in weekly initial jobless claims and the surprising rise in existing home sales in October. For the week, the S&P 500 went up 1.68%, closing at 5969, the Dow Jones Industrial Average advanced 1.96%, and the technology-laden Nasdaq composite index increased 1.73%.

The S&P 500 index rebounded from last week's losses and swiftly went back to the top of its trading range. The index's successful test of the crucial 5870 support level, which aligns with its prior high and the 20-day Exponential Moving Average (EMA), validates our positive outlook from last week. With the bulls gaining momentum, we expect the index to continue its upward charge.

The weekly chart of the S&P 500 index

Fund Rankings Update, 11/15/2024

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, and sETF have been posted on "Rankings", and "Trading Logs" pages, as well as in http://ycprankings.awardspace.us/RankingTables.htm.

Trading signal occurs in HSA model portfolio: Sell CSFZX, Buy CSMUX

Stocks closed lower as the post-election rally failed to maintain its momentum. As President-elect Donald Trump continued to announce his new cabinet members during the week, uncertainty about the incoming administration's policies started to weigh on investors' sentiment. On the economic front, the CPI and PPI inflation data released on Wednesday and Thursday were largely in line with the expectation. However, Fed Chair Powell made the comment on Thursday that the Fed is in no hurries to lower the interest rates, which dampened the market sentiment as well. For the week, the S&P 500 gave up 2.08%, closing at 5870, the Dow Jones Industrial Average fell 1.24%, and the technology-laden Nasdaq composite index decreased 3.15%.

The S&P 500 has erased its post-election gains this week. The index is now testing its first support level around 5870, which coincides with its previous high and the 20-day EMA. A successful defense of this level could propel the index to a new high of 6200. However, a breakdown below 5870 might trigger a decline to the next support at 5700. Despite recent weakness, the overall technical outlook remains bullish. We anticipate continued upward momentum until the index breaks below the 28-week EMA.

Weekly chart of the S&P 500 index

Fund Rankings Update, 11/8/2024

Stocks closed broadly higher this week as Trump won his second term of the U.S. presidency followed by a 0.25% interest rate cut from the Fed. With the Republicans also winning control of both the Senate and the House, investors anticipate business-friendlier policies from the next administration, which will result in looser regulations, lower taxes, and faster company earning growth. For the week, the S&P 500 jumped 4.66% to another record high, closing at 5995, the Dow Jones Industrial Average advanced 4.61%, and the technology-laden Nasdaq composite index increased 5.74%.

After two weeks of modest decline, the S&P 500 surged 4.66% to a new all-time high. Instead of dipping to the 5600-5650 support zone, the index found a solid floor at the 5700 level. This reversal, coupled with a positive shift in momentum indicators, suggests that the upward trend remains intact. We anticipate the index to continue its ascent along the upper edge of its rising trading channel.

The weekly chart of the S&P 500 index

Fund Rankings Update, 11/1/2024

Trading signal occurs in SSPP model portfolio: Sell FRESX, Buy FIUIX.

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

Trading signal occurs in sETF model portfolio: Sell ITB, Buy IYZ

Stocks closed lower for the second week after major tech companies reported quarterly earnings. Despite strong earnings from tech giants like Apple, Google, Amazon, Microsoft, and Meta, investors remained unimpressed. On the economic data front, the Labor Department reported on Friday that the U.S. added only 12000 jobs in October, the lowest since December 2020. Economists attributed the low employment data to the damages caused by Hurricanes Helene, Milton, and the Boeing strike. For the week, the S&P 500 lost 1.37%, closing at 5728, the Dow Jones Industrial Average dipped 0.15%, and the technology-laden Nasdaq composite index decreased 1.5%.

The S&P 500 has undergone a modest pullback over the last two weeks, consistent with our expectations. The index is still trading above its 28-week EMA exhibiting robust momentum. We anticipate that the index will find support at the 5600-5650 level and resume its upward trajectory.

The weekly chart of the S&P 500 index