Fund Rankings Update, 9/12/2025

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 advanced higher with all major indices reaching new record highs during the week.  Investors widely anticipated the Fed would cut the interest rate in its September policy next week.  Ongoing AI rally supported by Oracle's substantial upward guidance revision, also helped lift the major indices.  For the week, the S&P 500 advanced 1.59% to close at 6584, the Dow Jones Industrial Average rose 0.95%, and the Nasdaq Composite index jumped 2.03%. 

The S&P 500 index has decisively broken through the 6500 resistance level to close the week at 6584. This strong move suggests that the recent upward trend is gaining momentum, and the index is likely to continue its rally.  We anticipate the S&P 500 will reach its next key resistance level at 6750, followed by 6900.  

The weekly chart of the S&P 500 index

 

Fund Rankings Update, 09/05/2025

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 HSA model portfolio: Sell MLAIX, Buy SEMTX

Major indices closed this holiday-shortened week mixed, with tech stocks outperforming the general market.  Weaker-than-expected job data fuels the hope for a rate cut in September's Fed policy meeting,  and tech stocks were supported by the less severe outcome of the Google antitrust trial.   For the week, the S&P 500 advanced 0.33% to close at 6481, the Dow Jones Industrial Average fell 0.32%, and the Nasdaq Composite index rose 1.14%. 

The S&P 500 index appears to be forming a rounded top pattern with resistance at 6500; however, the overall trend remains positive.  If the index can break decisively and hold above the 6500 resistance, it would indicate another leg higher, aiming toward 6800.  If the index fails to break the 6500 resistance, it will test the support at the 6100-6150 level. 

The weekly chart of the S&P 500 index

Fund Rankings Update, 8/29/2025

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 retreated from record highs as they approached the 6500 resistance level.  Inflation data showed the core personal consumption expenditures (PCE) holding steady in July, and the GDP growth was revised higher. Positive earnings from NVIDIA also eased some of the street's concern around this AI-driven rally.  For the week, the S&P 500 dipped 0.1% to close at 6460, the Dow Jones Industrial Average fell 0.19%, and the Nasdaq Composite decreased 0.19%. 

The weekly chart of the S&P 500 index

Fund Rankings Update, 8/22/2025

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 the week mixed, with mid-cap and small-cap stocks posting strong gains, while technology sectors finished the week lower.  The S&P 500 index was losing ground the first four days of the week before the rally on Friday due to Fed Chair Jerome Powell's dovish remark about a possible rate cut.  For the week, the S&P 500 advanced 0.27% to close at 6466, the Dow Jones Industrial Average rose 1.53%, while the Nasdaq Composite decreased 0.58%.

The weekly chart of the S&P 500 index

Fund Rankings Update, 8/15/2025

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 their advance, largely driven by investors' hope for a September rate cut from the Fed. The rising hope was due the favorable CPI report that showed the inflation cooled modestly in July, with month-over-month inflation dropping to 0.2% from June’s reading of 0.3%,   For the week, the S&P 500 advanced 0.94% to close at 6449, the Dow Jones Industrial Average rose 1.74%, and the Nasdaq Composite increased 0.81%.

The weekly chart of the S&P 500 index

 

Fund Rankings Update, 8/8/2025

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 rebounded from last week's sell-off, with tech sectors leading the way.  Markets were muted on the global tariffs taking effect on Thursday, but were motivated by the increasing likelihood of a rate cut from the Fed in September.  On the economic data front, the Institute for Supply Management's (ISM's) services purchasing managers’ index (PMI) came in at 50.1% well below the expected 51.3%, indicating a slowdown in the service sectors.  On Thursday, the Labor Department reported that the jobless claims rose from 219000 to 226000 for the week ended on August 2.  For the week, the S&P 500 advanced 2.43% to close at 6389, the Dow Jones Industrial Average rose 1.35%, and the Nasdaq Composite jumped 3.87%. 

The S&P 500 index consolidated this week, trading sideways within the previous week's range. The index managed to reclaim the 6300 level, but is still struggling to break through the 6400 resistance. Before a breakout above 6400 can occur, a short-term pullback is a real possibility. A drop below the 6200 support level could send the index down to 6000, so caution is advised.

The weekly chart of the S&P 500 index

Fund Rankings Update, 8/1/2025

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 declined for the week, driven by negative sentiment from renewed tariff concerns and disappointing economic data.  In addition, the Fed is keeping the interest rates unchanged after concluding its July meeting.  This disappointed investors who were hoping for a rate cut in September, especially after Fed Chair Jerome Powell continued his "wait-and-see" approach.  Inflation data released Wednesday showed that the core personal consumption expenditures (PCE) index rose 0.3% in June, accelerating from 0.2% in May. Year over year, prices increased 2.8%, further away from the Fed's 2.0% target.  On Friday, the Labor Department reported that the U.S. economy added only 73,000 jobs in July, which was significantly lower than expected.  For the week, the S&P 500 lost 2.36% to close at 6238, the Dow Jones Industrial Average fell 2.92%, and the Nasdaq Composite retreated 2.17%. 

The S&P 500 index experienced a severe rejection at the 6400 resistance level.  The index started the week with a record close at 6427 but quickly yielded under consistent selling pressure.  At the end of the week, the index formed a weekly outside bar candlestick pattern signaling increased volatility. The short-term technical picture has turned from bullish to a neutral-to-bearish outlook. The most probable trajectory for the next two weeks is a period of continued consolidation or a deeper correction to retest the 50-day moving average at 6150 and even the 28-week exponential moving average at around 6000. On the upside, it is unlikely for the index to rebound to a new all-time high immediately after such a steep decline.  A convincing rebound would require the index to reclaim the 6300 level, but for now, caution is warranted. 

The weekly chart of the S&P 500 index