Fund Rankings Update, 4/17/2025

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

Trading signal occurs in the sETF model portfolio: Sell IXG, Buy IYK

Trading signal occurs in the iETF model portfolio: Sell FXI, Buy EWP

Major indices closed the holiday-shortened week lower as tariff concerns lingered. President Trump escalated the trade war with China by increasing the tariffs to 245% on Chinese goods and adding new restrictions on AI chips exporting to China, which greatly impacted Nvidia and AMD.  For the week, the S&P 500 fell 1.5%, closing at 5282, the Dow Jones Industrial Average shed 2.66%, and the Nasdaq Composite gave up 2.62%.

Following a strong bounce, the S&P 500 has settled above the midpoint of its prior trading range. However, the index remains firmly within a bearish trend, trading considerably below its 28-week exponential moving average. Furthermore, its momentum indicator continues to register below the neutral 50 level. As we highlighted in last week's blog, it's wise to remain patient and await crucial buy signals, specifically a "W" bottom formation and a break above the EMA resistance. 

The weekly chart of the S&P 500 index