Fund Rankings Update, 9/25/2026

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 Select model portfolio: Sell FBIOX, Buy FSCSX

Stocks snapped a two-week losing streak and finished higher this week, as a Friday rebound in technology shares offset pressure from surging Treasury yields and volatile oil prices. The bond market was the week's dominant theme, with the 10-year Treasury yield touching 5.228% — its highest level since 2007 — on hawkish Federal Reserve rhetoric and resilient economic data, while the 30-year yield broke above 5.5% for the first time in 22 years. Oil prices spiked midweek on U.S.–Iran tensions surrounding the Strait of Hormuz before pulling back Friday on reports of a possible phased deal to reopen the waterway. Chipmakers and mega-cap software names led the recovery, with Microsoft closing up nearly 4% on Friday. For the week, the S&P 500 gained 1.21% to close at 7,743, the Dow Jones Industrial Average gained 0.28% to finish at 51,829, while the tech-heavy Nasdaq Composite outperformed, rising 2.06% to settle at 27,069.

From a technical perspective, the S&P 500 extended its high-level digestion base, closing within 0.7% of its August record high despite midweek pressure from historic bond yields. The index held comfortably above its short-term 10-day and 20-day EMAs throughout the week, and Friday's push carried it into the 7,720–7,750 overhead supply zone, keeping buyers in control of the intermediate trend. A decisive weekly close above the August 13 record of 7,799 would re-ignite the primary uptrend toward the 7,850 target. On the downside, the 7,600 zone continues to serve as immediate technical support, backed by our primary structural floor at 7,500. With the S&P 500 settling at 7,743, our long-term structural trend-following indicators remain firmly in a "Hold" posture with no sell triggers fired.

The weekly chart of the S&P 500 index

Fund Rankings Update, 9/18/2026

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 delivered a mixed, range-bound performance this week, with major indices showing marked dispersion as investors weighed the first rate hike from the Fed since 2003. Rising oil prices from the escalation of conflict in the Middle East and rising Treasury yields also weighed on stock prices.  However, early-week caution gave way to a targeted technology rally, propelled by mega-cap software and semiconductor names that absorbed broader interest-rate anxiety. For the week, the S&P 500 slipped a modest 0.08% to close at 7,650, the Dow Jones Industrial Average dropped 1.69% to finish at 51,682, while the tech-heavy Nasdaq Composite outperformed, rising 0.72% to settle at 26,522.

From a technical perspective, the S&P 500 continued to build a high-level digestion base, holding within striking distance of its recent consolidation range despite mid-week intraday pressure. Price action saw the index test its 100-day EMA on the daily chart, with buyers stepping in to defend key 7500 support and prevent a deeper structural breakdown. Overhead resistance remains clearly defined at the 7,720–7,750 region, requiring a high-volume weekly close to re-ignite the primary uptrend toward the 7,850 target. On the downside, the 7,600 zone continues to serve as immediate technical support, backed by our primary structural floor at 7,500. With the S&P 500 settling at 7,650.00, our long-term structural trend-following indicators remain firmly in a "Hold" posture with no sell triggers fired.

The weekly chart of the S&P 500 index

Fund Rankings Update, 9/11/2026

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 SSPP model portfolio: Sell FOCPX, Buy FICDX

Trading signal occurs in HSA model portfolio: Sell DCZRX, Buy VFTAX

Stocks experienced a corrective pullback this week as investors confronted renewed inflation jitters and shifting macroeconomic expectations ahead of the September Federal Open Market Committee (FOMC) meeting. Early-week trading was weighed down by hotter-than-expected producer price data and a fresh wave of profit-taking across mega-cap technology names. Sentiment remained cautious as Treasury yields ticked upward, prompting institutions to lock in gains and reassess valuations following the strong summer advance. While mid-week dips saw mild dip-buying emerge around key technical thresholds, the broader market failed to gather sufficient upside momentum to reverse the weekly losses. For the week, the S&P 500 declined 0.8% to close at 7,656, the Dow Jones Industrial Average dropped 1.57% to finish at 52,573, and the tech-heavy Nasdaq Composite fell 0.66% to settle at 26,333.

From a technical perspective, the S&P 500 retreated from its recent consolidation range, testing the lower bounds of its short-term moving average structure. The index slipped below its 10-day and 20-day EMAs during the mid-week distribution, indicating a temporary cooling of near-term momentum. However, price action successfully held above the primary structural support zone near 7,600, keeping the intermediate uptrend framework intact for now. Looking ahead, the former support region around 7,720–7,750 now shifts back to immediate overhead resistance, while the multi-week floor at 7,500 remains the critical line in the sand for structural defense. With the S&P 500 closing the week at 7,656, our long-term structural trend indicators remain safely in a "Hold" posture with no sell triggers fired.

The weekly chart of the S&P 500 index

 

Fund Rankings Update, 9/4/2026

 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 extended their high-level consolidation this week, trading in a narrow range ahead of the Labor Day holiday weekend as market participants digested strong labor data and assessed the outlook for monetary policy. Equity markets experienced quiet trading early in the week amid low late-summer volumes, though pressure mounted as Treasury yields climbed following hawkish Federal Reserve commentary. Sentiment received a late boost from robust private payroll figures, but Friday's session ended lower after the August Nonfarm Payrolls report came in stronger than expected with 162,000 jobs added, reinforcing expectations that the Fed may keep interest rates elevated. For the week, the S&P 500 edged up a modest 0.09% to close at 7,718, the Dow Jones Industrial Average slipped 0.27% to end at 53,414, and the tech-heavy Nasdaq Composite rose 0.40% to settle at 26,506.  

From a technical perspective, the S&P 500 continued to execute a tight, high-level digestion pattern following its mid-August pullback. By absorbing late-week selling pressure without surrendering key support, the index held comfortably above its 28-week EMA, keeping the intermediate uptrend structure firmly intact.  Looking ahead, the 7,850 level remains the primary overhead resistance target for bulls targeting new high ground, while initial technical support continues to rest at the 7,600–7,640 zone, backed by primary structural support at 7,500. With the S&P 500 settling safely at 7,718, our long-term structural trend indicators remain firmly in a "Hold" posture with no sell triggers fired.

The weekly chart of the S&P 500 index

Fund Rankings Update, 8/28/2026

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 sETF model portfolio: Sell IXN, Buy IBB

Stocks stabilized in a narrow range this week, as investors digested mixed economic data and absorbed Federal Reserve Chair Kevin Warsh’s remarks at the Jackson Hole Economic Symposium. Early-week trading remained cautious, with investors' sentiment supported by strong results from NVIDIA and declining oil prices. However, market sentiment turned sour on Friday after FED Chair Kevin Warsh struck a hawkish tone, noting that the Fed’s 2% personal consumption expenditures (PCE) inflation target is “firm” and further rate policy tightening remains possible if inflation does not move toward the target.  For the week, the S&P 500 gained 0.49% to close at 7,711, the Dow Jones Industrial Average rose 0.53% to end at 54,244, and the tech-heavy Nasdaq Composite edged up 0.85% to settle at 26,275.  

From a technical perspective, the S&P 500 spent the week in high-level consolidation following the prior week's pullback. By absorbing selling pressure without surrendering key support, the index held firmly above its short-term 10-day and 20-day EMAs, keeping the broader intermediate uptrend structure intact. Looking ahead, the 7,850 level remains the primary overhead resistance target for bulls aiming to push toward new record highs. On the downside, initial technical support continues to rest at the 7,600–7,640 zone, backed by primary structural support at 7,500. With the S&P 500 settling safely at 7,711, our long-term structural trend indicators remain firmly in a "Hold" posture with no sell triggers fired.

The weekly chart of the S&P 500 index

 

Fund Rankings Update, 8/21/2026

 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 SELECT model portfolio: Sell FDCPX, Buy FBIOX

Stocks experienced a pullback this week as investors digested mixed macroeconomic signals and absorbed minutes from the latest Federal Open Market Committee (FOMC) meeting. Market tone turned cautious early in the week following strong retail sales data and higher Treasury yields, which tempered previous optimism surrounding potential Federal Reserve policy easing. Midweek release of the FOMC minutes reinforced a "higher-for-longer" interest rate sentiment, leading to profit-taking across mega-cap technology and broad-market indices. Sentiment stabilized slightly on Friday after data showing that U.S. business activity accelerated in August and the S&P Global Flash Composite Purchasing Managers’ Index (PMI) rose to 56.0 from 54.5 in July.  For the week, the S&P 500 declined 1.43% to close at 7,674, the Dow Jones Industrial Average dropped 0.85%, and the tech-heavy Nasdaq Composite fell 2.05%.  

From a technical perspective, the S&P 500 pulled back from its prior record highs, testing a short-term moving average. Despite slipping below its 10-day EMA during the midweek sell-off, the index held firmly above key structural support level near 7,600, keeping the broader intermediate uptrend intact. The 7,850 level remains the primary overhead resistance target for bulls looking to resume the primary trend. At the same time, initial technical support now rests at the 7,600–7,640 zone, followed by primary structural support down at 7,500. With the S&P 500 settling safely at 7,674.37, our long-term structural trend indicators remain in a "Hold" posture with no sell triggers fired. 

The weekly chart of the S&P 500 index

Fund Rankings Update, 8/14/2026

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 FEMKX timing model: Sell Cash, Buy FEMKX

Stocks took a breath this week following the previous week's explosive breakout, digesting recent gains in a tight, high-level consolidation range. Market action was largely anchored by major macroeconomic releases, starting with a cooler-than-expected July Consumer Price Index (CPI) report on Wednesday that showed annual inflation moderating to 3.2%, reinforcing expectations that the Fed will pause at its September meeting. Sentiment received another boost after Thursday's Producer Price Index (PPI) came in below consensus estimates. The softer inflation reports helped reduce expectations for a rate hike at the Fed’s September meeting.  However, rising oil prices and continued uncertainty surrounding the Strait of Hormuz kept investor sentiment in check.  For the week, the S&P 500 edged up a modest 0.36% to close at 7,785, the Dow Jones Industrial Average slipped 0.56%, while the tech-heavy Nasdaq Composite rose 0.14%.

From a technical perspective, the S&P 500 executed a textbook "digestion" phase, holding firmly above its newly established support levels without giving up significant ground. After reaching record highs near 7,757 last week, the index spent the week consolidating in a narrow range above its rising 10-day EMA, confirming that buyers remain in control of the underlying trend. Looking ahead, the immediate resistance target remains at the 7,850 region, while the former breakout level at 7,500 continues to serve as the primary structural support. With the index settling safely at 7,785, our long-term structural trend indicators remain firmly in a "Hold" posture with no sell triggers fired. 

The Weekly Chart of the S&P 500 index