Fund Rankings Update, 6/13/2025

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.

Stocks closed modestly lower, as the news that Israel conducted a preemptive air attack on Iran’s nuclear facilities and military leaders sank the investors' sentiment and turned the positive markets negative on the last trading day of the week.   All eyes were on the inflation data last week. The Bureau of Labor Statistics reported on Wednesday that the consumer price index (CPI) rose 0.1% month over month, down from 0.2% in April, and prices rose 2.4% yearly, up from April’s  2.3%, but below the expectation for a 2.5% increase. Core CPI, which excludes volatile food and energy costs, rose 2.8% yearly, unchanged from April and a tick below the estimate for a 2.9% increase. The cooler-than-expected inflation data had driven down the Treasury yields and provided support to investors' sentiment early in the week. The S&P 500 fell 0.39% to close at 5976, the Dow Jones lost 1.32%, and the Nasdaq Composite decreased 0.63% for the week.

The S&P 500 closed the week at 5976, pulling back from the psychological resistance level of 6000. Despite this retreat, the overall uptrend remains intact, with the index holding above its 28-week exponential moving average (EMA) and maintaining strong underlying momentum. In the short term, however, we might see some weakness. The index broke below its 10-day EMA on Friday and appears to be testing the 20-day EMA, which is currently around 5927. Should the 20-day EMA fail to hold as support, the index could fall to its 28-week EMA at 5760. Conversely, if the index manages to stay above 5927, we could anticipate it breaking its previous high of 6147. The coming week will be crucial in determining whether short-term weakness prevails or if the broader uptrend reasserts itself.

The weekly chart of the S&P 500 index