Fund Rankings Update, 5/30/2025

 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 SELECT model portfolio: Sell FSTCX, Buy FSDAX.

Trading signal occurs in the ETF model portfolio: Sell FXI, Buy EWW.

Stocks closed modestly higher as investors grappled with uncertainty surrounding the enforcement of President Trump's tariff policy. This confusion stemmed from a ruling by the U.S. Court of International Trade and the administration's subsequent appeal.  On the economic front, consumers received some good news as inflation eased in April. The core Personal Consumption Expenditures (PCE) index, a key inflation gauge, rose by 2.5% year-over-year, down from 2.7% in March. Adding to the positive sentiment, the Consumer Confidence Index saw a significant jump in May, climbing 12.3 points to 98. Separately, the University of Michigan's Consumer Sentiment remained flat in April, putting an end to four consecutive months of steep declines.  For the week, the S&P 500 rose 1.88% to close at 5911, the Dow Jones gained 1.6%, and the Nasdaq Composite increased 2.01%.

The S&P 500 index formed an inside bar candle stick pattern this week above its 28-week exponential moving average with strong momentum.   The underlying bullish trend remains intact as the index has consolidated side way for three weeks above its critical support level following the recent sharp rebound. The current technical setup leans towards continued strength after this period of consolidation.  A breakout above the high of this week's inside bar and subsequently the previous high of 5968 would signal renewed bullish momentum and potentially lead to a new all-time high.

The weekly chart of the S&P 500 index