Fund Rankings Update, 7/25/2025

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 RIGGX, Buy MLAIX

Stocks picked up steam to march higher with the S&P 500 index and the Nasdaq Composite index both achieving new all-time highs.  Positive sentiments were supported by the announcement of trade deals with Japan, Indonesia, and the Philippines. For the week, the S&P 500 gained 1.46% to close at 6388, the Dow Jones Industrial Average rose 1.26%, and the Nasdaq Composite advanced 1.02%. 

The S&P 500 index has decisively broken its three-week consolidation pattern, surging to yet another record high. With strong positive momentum, the index appears poised to continue its upward trajectory, setting its sights on the 6500 target.

The weekly chart of the S&P 500 index

Fund Rankings Update, 7/18/2025

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 SSPP model portfolio: Sell FIEUX, Buy FTRNX

Trading signal occurs in the ETF model portfolio: Sell EWW Buy IYW

This week, the stock market saw mixed performance, though positive momentum continued for many. The S&P 500 and Nasdaq Composite indexes both achieved new all-time highs. However, the Dow Jones Industrial Average experienced a slight dip. Driving the positive sentiment were robust quarterly earnings reports from major banks and generally favorable economic data. While inflation did accelerate, it aligned with market expectations. Specifically, the Consumer Price Index (CPI) rose by 0.3% in June, up from 0.1% in May. Annually, the CPI increased to 2.7% from 2.4% in May. Additionally, retail sales showed stronger-than-expected growth, climbing 0.6% in June after a 0.9% contraction in May. For the week, the S&P 500 gained 0.59% to close at 6296, and the Nasdaq Composite advanced 1.51%. In contrast, the Dow Jones Industrial Average edged down 0.07%.

The S&P 500 continued its upward trajectory last week, closing at another all-time high, largely propelled by the robust performance of large-cap and technology sectors. While the underlying uptrend and strong momentum remain intact, the index appears to be in a sideways consolidation phase. This pause is likely allowing its 28-week Exponential Moving Average (EMA) to catch up. Once this consolidation concludes, the S&P 500 is expected to resume its upward path.

 

The weekly chart of the S&P 500 index

Fund Rankings Update, 7/11/2025

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 largely moved sideways with a negative tilt this week as President Trump announced several new country-specific tariffs. Brazil faced a substantial 50% tariff, while Canada was hit with 35%. Japan and South Korea each received 25% tariffs, and other Southeast Asian nations were subject to varying levels of levies. With the July 9th deadline for the reciprocal tariff pause now expired, markets anticipate more country-specific tariffs in the coming weeks. For the week, the S&P 500 fell 0.31% to 6257.9, the Dow Jones shed 1.02%, and the Nasdaq Composite decreased 0.08%.

The S&P 500 took a breather this week, essentially closing where it began. This period of sideways consolidation suggests a healthy digestion of recent gains rather than a fundamental shift in market sentiment. Crucially, the index remains well above its 28-week exponential moving average (EMA), signaling that its strong underlying momentum and clear uptrend are still intact. With these technical indicators aligning, the S&P 500 appears to be on track to march toward our 6500 Fibonacci target.

The weekly chart of the S&P 500 index

Fund Rankings Update, 7/4/2025

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 continued to advance higher with the S&P 500 index and the NASDAQ reaching another all-time high.  Positive investor sentiments were supported by the passage of the Trump administration's budget bill and the announcement of the trade deal with Vietnam. On the economic data front, the Labor Department reported that the U.S. economy added 147,000 jobs in June, and the unemployment rate ticked lower to 4.1%, both better than expected. The activity in the U.S. manufacturing sector contracted for another month, albeit at a slower rate, with the Institute for Supply Management's (ISM's) manufacturing purchasing managers’ index (PMI) coming in at 49.1%.  For the week, the S&P 500 rose 1.72% to 6279, the Dow Jones gained 2.3%, and the Nasdaq Composite advanced 1.62%.

The S&P 500 continued its upward trajectory, pushing past the 6200 psychological resistance and closing the shortened trading week at a new record high of 6279 on Thursday. With the clear prevailing uptrend and sustained momentum, the index appears poised to extend its gains further. Given the recent breakout to new highs and the overall bullish sentiment, the index could see further incremental gains, potentially heading towards the 6500 Fibonacci target. However, traders should be mindful of potential short-term pullbacks, especially given the rapid ascent. 

The weekly chart of the S&P 500 index