Fund Rankings Update, 6/24/2016

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.

Dow Jones Industrial Average plunged more than 600 points on Friday after Britain voted 51.9% to 48.1% to leave EU. Although, it is believed that Brexit has little direct impact to US economy and will postpone the rate hike from Fed, the uncertainty about the impact to UK, EU and Global economy contribute to the sell-off.  For the week S&P 500 index closed at 2037, down 1.63%, Dow Jones Industrial Average lost 1.55% and the technology laden NASDAQ composite index decreased 1.92%.

Weekly chart of S&P 500 index

As we have said that 2100 level is a very strong resistance level, the S&P 500 index has again tested its support by falling a bit below its 28 week moving average. Next week will be a critical week to see if the index will bounce right back.

Fund Rankings Update, 6/17/2016

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.

Trading signal occurs in HSA model portfolio: Sell VIMSX, Buy NAESX.

Uncertainty about whether UK will exit from EU dominated the sentiment on Wall street the whole week. For the week S&P 500 index closed at 2071, down 1.19%, Dow Jones Industrial Average lost 1.06% and the technology laden NASDAQ composite index decreased 1.92%.

Weekly chart of S&P 500 index

S&P 500 index started to pull back after a reversal a week earlier. We saw the first test of the 28 week moving average during the week: the index fell to 2050 before closing at 2071. We expect the digestion to continue in the next week, but the key is to stay above the moving average for successful restest of the support.

Fund Rankings Update, 6/10/2016

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.

Confidence in US economy early in the week gave way to worries about global economic growth at the end of the week. Stocks ended up mixed with negative bias.  For the week S&P 500 index closed at 2096, down 0.15%, Dow Jones Industrial Average gained 0.33% while the technology laden NASDAQ composite index decreased 0.97%.

Weekly chart of S&P 500 index

S&P 500 index tried to break above the 2100 resistance but failed to maintain the gain and fell below the level at the end of the week. We will see if bulls or bears have the upper hand in the coming weeks.

Fund Rankings Update, 6/3/2016

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.

Trading signal occurs in ETF model portfolio: Sell ILF, Buy IGE.

Stocks ended up mixed with small caps and technology sectors leading the way.  For the week S&P 500 index closed at 2099, up 0.0%, Dow Jones Industrial Average lost 0.37% and the technology laden NASDAQ composite index increased 0.18%.

Weekly chart of S&P 500 index

S&P 500 index attempted but failed to break the 2100 round number resistance this week. As discussed last week, 2100 has been a strong resistance. Breaking and staying above this level is key to transform this rally into a sustainable up trend.

Fund Rankings Update, 5/27/2016

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.

Strong new home sales in April and upward revision of first quarter GDP propelled the equity markets for the second week.  Certainty about the rate hikes in the coming months indicated by Fed chair Janet Yellen also provided relief to the markets. For the week S&P 500 index closed at 2099, up 2.28%, Dow Jones Industrial Average gained 2.13% and the technology laden NASDAQ composite index increased 3.44%.

Weekly chart of S&P 500 index

 S&P 500 index bounced strongly off its 28 week moving average as seen in the weekly chart. Currently the index is at the round number resistance of 2100. Breaking above this level is key to reverse the intermediate down trend while this resistance level has been a very strong barrier for S&P index since last year. With high momentum and successful test of the support, the index looks to break the resistance in the next few weeks.


 

Fund Rankings Update, 5/20/2016

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.

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

Stocks ended volatile week on a up note with technology sector and smap caps leading the way. Positive industrial output and housing start boosted the markets higher while worries about interest rate hike from the Fed pushed down the markets.  For the week S&P 500 index closed at 2052, up 0.28%, Dow Jones Industrial Average lost 0.2% and the technology laden NASDAQ composite index increased 1.1%.

Weekly chart of S&P 500 index

In the weekly chart, S&P 500 index touched the 28 week moving average and rebounded right away to keep the index above the support line. Successful test of support is key to continue the rally. We will see if the S&P 500 index can conclude the consolidating phase in the next couple of weeks to reverse the down trend or it will fall through the 28 week moving average support line and continue the down trend started in June last year.

This week a trading signal was issued from FEMKX timing system as the momentum indicator, STO, fell below the selling threshold of 75. We have held FEMKX for 67 days with a gain of 2.29%.

Fund Rankings Update, 5/13/2016

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.

Trading signal occurs in iETF model portfolio: Sell EWM, Buy EWZ.
 
Stocks went down for the third weeks after disappointing earning reports from major retailers, which raises worries about the health of US economy. Technically, S&P 500 index looks to be testing the support from 28 week moving average.  For the week S&P 500 index closed at 2046, down 0.51%, Dow Jones Industrial Average lost 1.16% and the technology laden NASDAQ composite index decreased 0.39%.

Weekly chart of S&P 500 index

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