Fund Rankings Update, 6/3/2011

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/

All the economy data (consumer confidence, manufacturing activities, jobs report, .etc.) came out weak this week suggesting that the economy recovery has hit a soft patch in the month of May. The S&P 500 index closed this week at 1300 down 2.32%, the Dow Jones Industrial Average lost 2.33%, and the technology laden Nasdaq composite index decreased 2.29%.

As shown in the weekly chart of S&P 500 index below, the index is falling right on the trend line and the momentum index is heading downward. It is critical to see if the index can bounce back from this support level. If the current 1300 support fails to hold, the next level will be around 1220.

Fund Rankings Update, 5/27/2011

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/

Mixed bag of economy data this week provided little direction for stock markets. Stocks drifted lower for the fourth week. The S&P 500 index closed this week at 1331 down 0.16%, the Dow Jones Industrial Average lost 0.56%, and the technology laden Nasdaq composite index decreased 0.23% for the week. Weekly chart of S&P 500 index shows that the index is testing the trend line. The concern I have from technical point of view is that the momentum indicator is drifting downward and is showing divergent pattern with the price movement. Anyway, we will know the outcome of this test in a few weeks.

Fund Rankings Update, 5/20/2011

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/

Trading signal occurs in RSP model portfolio: Sell 42632 (Small CAP growth), Buy 42627 (REIT index).

Stocks drifted lower this week. The S&P 500 index closed this week at 1333 down 0.34%, the Dow Jones Industrial Average lost 0.66%, and the technology laden Nasdaq composite index decreased 0.89% for the week. Stocks are moving side way and it looks like this side way movement will last for another few weeks.

Fund Rankings Update, 5/13/2011

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/

Trading signal occurs in ETF model portfolio: Sell IYE, Buy IBB.

Trading signal occurs in sETF model portfolio: Sell IEZ, Buy IHF.

Trading signal occurs in FEMKX model portfolio: Sell FEMKX, Buy CASH.

With dollar gets stronger, the emergent markets and commodity markets faltered. US stock market, on the other hand, fared better. The S&P 500 index closed this week at 1337 down 0.18%, the Dow Jones Industrial Average lost 0.34%, while the technology laden Nasdaq composite index increased 0.03% for the week.

This week with the volatility in oil prices, we've seen the money rotated out of the oil related sectors into healthcare/biotech sectors and trading signals were issued in ETF and sETF model protfolios respectively. The stronger dollars also caused the momentum indicator of FEMKX to drop down to 71, below the selling threshold of 75 and a sell signal is issued for FEMKX timing model.

Fund Rankings Update, 5/6/2011

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/

Trading signal occurs in SELECT model portfolio: Sell FSESX, Buy FBIOX.

Silver price crashed first and the Oil price followed. Collapes of these commodity prices put pressure on the stock market. The S&P 500 index closed this week at 1340 down 1.72%, the Dow Jones Industrial Average lost 1.34%, and the technology laden Nasdaq composite index decreased 1.60% for the week.

The months of May and June are usually "cool" months for stock markets, and the action of major indexes in this first week of May kind of validate that. The good company earning news and stronger than expected job growth in April failed to inspired investors. However, I do not see any disruption to the up-trend from technical point of view. Momentum of The S&P 500 index is still high and the prices is still above the trend line as observed in the weekly chart below.

Sharp drop in the oil price triggered the selling signal in our SELECT model portfolio. We will sell energy service sector fund, FSESX and buy the current top rank fund, FBIOX (bio technology).

Fund Rankings Update, 4/29/2011

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/

Trading signal occurs in iETF model portfolio: Sell EWC, Buy EWY.

Strong company earnings bostted stocks market again. The S&P 500 index closed this week at 1363 up 1.96%, the Dow Jones Industrial Average gained 2.44%, and the technology laden Nasdaq composite index increased 1.89% for the week.

From May 2, some funds in our Health Saving Account (HSA) program will be retired, and more funds will be added to the program. Some of the remaining funds also have changed their symbols. To reflect these changes, I have revamped the HSA ranking table, and HSA model portfolio. I have selected 20 funds out of the 23 funds in the program for momentum ranking. The funds with symbol changes are:

CBSAX-->>CLSPX

COVAX-->>NSVAX

NAESX-->>NAESX

VIMSX-->>VIMSX

CMUAX-->>NAMAX

NLGIX-->>NGPAX

NBIAX-->>NBGPX

NLFAX-->>CLGZX

Fund Rankings Update, 4/22/2011

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/

Led by strong company earnings from technology companies, stocks went up broadly this week. The S&P 500 index closed this week at 1337 up 1.34%, the Dow Jones Industrial Average gained 1.33%, and the technology laden Nasdaq composite index increased 2.01% for the week.

To continue and conclude my analysis of APPLE and GOOGLE from last week, here is what transpired this week: On Monday, Apple's price did a intra day reversal. It went down to a low of 320 but came right back and ended the day up at 332. From then on, the price went up non-stop and closed this week at 350. From the weekly chart, we can see its price bounces above the trend line and the momentum is turning upward. Resumption of the up trend will be confirmed when it breaks the previous high of 360. A conservative investor will take position after the confirmation while a more risk tolerant investor will take position now. Now, turning our attention to Google. With deteriorating momentum, its price went down 1.0% this week at a time when technology companies are leading the stock market higher. It may look like there is a temporary support around 525 for Google but I think 500 is a better bet from the weekly chart.