Fund Rankings Update, 10/28/2016

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.

Weak earning reports and guidance from Apple and Amazon pulled down the technology sector and stocks markets even though US economy grew faster in third quarter than expected.  For the week S&P 500 index closed at 2126, down 0.69%, Dow Jones Industrial Average gained 0.09% while technology laden NASDAQ composite index decreased 1.28%.

Weekly chart of S&P 500 index

S&P 500 index has been struggling after reaching the high of 2190 in August. The index is trying to consolidate around 2120-2125 level which happens to where the 28 week moving average is right now. The support looks to be very strong as the index touched the support level three time in the last three weeks and rebounded each time.  If the support holds for another couple of weeks, we should see markets resume its advance. 

Fund Rankings Update, 10/21/2016

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 manged to stay above the support level even as momentum headed south. Technology sectors, boosted by good earning reports, outperformed the general markets.  For the week S&P 500 index closed at 2141, up 0.38%, Dow Jones Industrial Average gained 0.04% and technology laden NASDAQ composite index increased 0.83%.

Weekly chart of S&P 500 index

Fund Rankings Update, 10/14/2016

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 NAESX, Buy FKASX

Trading signal occurs in SELECT model portfolio: Sell FSMEX, Buy FSELSX

Trading signal occurs in sETF model portfolio: Sell IHI, Buy IGN

Markets were dragged down by concern about global economy growth and bad start of earning report season with ALCOA reporting Q3 earning lower than expectation. Later in the week, bank stocks helped to support the markets with better than expected earning reports. For the week S&P 500 index closed at 2132, down 0.96%, Dow Jones Industrial Average lost 0.56% while technology laden NASDAQ composite index decreased 1.48%.

Weekly chart of S&P 500 index

After failing to break the 2175 resistance level, S&P 500 index headed lower for consecutive weeks. Its momentum indicator has fallen below the over bought zone and is heading lower. The index is trying to stay above above its 28 week moving average and support level at 2125.  More companies are reporting earning next week and we will see more volatility in stock price movement. The next support level is at 2050 if the current 2125 support can not hold.

Health care related sectors encountered a set back this week with Hillary Clinton's chance to become the next president of the United States got a boost after the second presidential debate. The effect was reflected in our sector fund rankings: In SELECT model portfolio, medical equipment sector fund, FSMEX, has fallen below rank 7 and is replaced with the number one rank fund, FSELX. In the sETF model portfolio, medical device sector fund, IHI, is replaced with networking sector fund, IGN.

Fund Rankings Update, 10/7/2016

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.

British pound plunged after British government announced the plan on Brexit negotiation. US job report missed investors' expectation but strong enough for Fed to raise interest rate by year end. Stocks pulled back under these economy concern and waiting for company earning report season to start next week.  For the week S&P 500 index closed at 2153, down 0.67%, Dow Jones Industrial Average lost 0.37% and technology laden NASDAQ composite index decreased 0.37% as well.

Weekly chart of S&P 500 index

S&P 500 index is still in a wait-and-see mode this past week. On the positive side, the index is still above its 28 week moving average and the momentum is still at the high end of the range. Markets usually incur more volatility during the earning report season, so we should see some big moves in the next few weeks.

Fund Rankings Update, 9/30/2016

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.

Stocks open lower but close a tad higher in search of direction. Concern about the health of Deutsche Bank weighed on markets while unexpected rise in consumer confidence helped to boost investors' sentiment.  For the week S&P 500 index closed at 2168, up 0.17%, Dow Jones Industrial Average gain 0.26% and technology laden NASDAQ composite index increased 0.12%.

Weekly chart of S&P 500 index

S&P 500 index failed to break 2175 resistance level again this week. However, its momentum index has turned upwards so there is a good chance it will break above this resistance in the coming weeks.

On Wednesday, OPEC announced production cut for oil starting in November, the first time since 2008. The announcement provide a 8.5% boost to oil prices for the week as seen ine the weekly chart below. In the weekly chart we also can see a strong resistance level at $50. $WTIC has failed to break about this level several times in the past. This time around, the momentum indicator is climbing up, the index is bouncing off the 28 week moving average so it has a good chance to break above the $50 resistance. If successful, the next level to watch for is the resistance at $60 - $62 which the index tried to hang on for 9 weeks in May and June, 2015.

Weekly chart of Light Crude Oil price

Fund Rankings Update, 9/23/2016

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.

Encouraged by Fed's decision not to raise interest rate in September and its dovish attitude toward the expected coming rate hike, stocks headed higher for the second week.  For the week S&P 500 index closed at 2164, up 1.19%, Dow Jones Industrial Average gain 0.76% while technology laden NASDAQ composite index increased 1.17%.

Weekly chart of S&P 500 index

S&P 500 index continued to rebounded from its 28 week moving average support for the second week. The index opened at 2144, reached the 2175 resistance area in mid week, and settled back down at 2165. Continuation of this rally requires a successful breaking of the 2175 resistance level.  As the first try has failed but still within striking distance, we will find out in the coming weeks the outcome of the second try. 

Fund Rankings Update, 9/16/2016

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.

Weaker retail sale and industrial production coupled with higher consumer price index eased investor's nervousness about interest rate hike in September and pushed stocks modestly higher.  For the week S&P 500 index closed at 2139, up 053%, Dow Jones Industrial Average gain 0.21% while technology laden NASDAQ composite index increased 2.31%.

Weekly chart of S&P 500 index

S&P 500 index rebounded a bit from its 28 week moving average support level as seen the weekly chart. Its STO momentum indicator has fallen out of over bought area and heading lower. The consolidating around its 28 week moving average may continue for another couple of weeks.

We have observed sector rotation in the past few weeks in the sETF and SELECT ranking tables. The energy related sectors have fallen out of favor while technology sectors have moved up the ranks. If the rotation continues, it will be reflected in our sETF and SELECT model portfolio tradings.