Fund Rankings Update, 5/16/2025

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 HSA model portfolio: Sell PCRIX, Buy RIGGX.

Stocks surged this week, fueled by news of a 90-day tariff rollback agreement between the U.S. and China.  Adding to the positive sentiment, the BLS reported lower-than-expected April inflation, with core CPI at 0.2% and CPI rising 2.3% year-over-year. The PPI also unexpectedly declined, raising investor hopes for a more accommodative Federal Reserve monetary policy. Consequently, the S&P 500 soared 5.277% to close at 5958, the Dow Jones gained 3.41%, and the Nasdaq Composite leaped 7.15% for the week.

The S&P 500 index shot up and closed well above its 28-week exponential moving average with strong momentum, signaling the resumption of its uptrend.  With the upward and strong momentum, the index may continue its advance with the resistance levels at 6000 (the psychological resistance) and 6150 (the previous high). However, the index has rebounded more than a thousand points in a short six-week period and may be due for a pullback to digest its lofty gains.  Should a pullback occur, the support level to watch is the 28-week exponential moving average at  5703.  Continue monitoring support and resistance levels will be crucial in determining the index's next direction. 

The weekly chart of the S&P 500 index