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

Fund Rankings Update, 8/7/2026

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 gains into a second consecutive week, powered by a robust continuation of Q2 earnings momentum and optimism about the potential reopening of the Strait of Hormuz. Early-week trading saw indexes break decisively above immediate overhead resistance, buoyed by strong mega-cap corporate results and reports of progress on an agreement to reopen the Strait of Hormuz. Mid-week economic data highlighted ongoing resilience in the services sector along with steady productivity gains. Investor sentiment further improved on Friday following the BLS July jobs report. The data showed a cooling yet stable labor market and slowing wage growth, easing pressure on the Federal Reserve to raise interest rates at its September meeting.  For the week, the S&P 500 surged 3.58% to close at a new record high of 7,757. The Dow Jones Industrial Average added 2.96% to finish at 54,036, while the tech-heavy Nasdaq Composite led the rally, surging 5.19% to settle at 26,690.  

From a technical perspective, the S&P 500 delivered a decisive breakout above the key 7,500 resistance level highlighted last week, invalidating the previous corrective posture. The index expanded rapidly to register another record high of the year, cleanly crossing the 7,700 milestone target. The short-term 10-day and 20-day EMAs have turned sharply upward, providing strong underlying dynamic support on any prospective pullbacks.  Looking ahead, the former breakout level at 7,500 now shifts to primary support, backed by lower structural support near 7,350–7,400. Near-term upside momentum targets the 7,850 region. With the S&P 500 settling at 7,757, 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, 7/31/2026

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 iETF model portfolio: Sell EWY, Buy EWT

Stocks snapped a two-week losing streak, weathering a sharp mid-week sell-off after the Federal Reserve left the benchmark interest rate unchanged at 3.50% to 3.75% amid a hawk-heavy, split decision. Early-week sentiment was also weighed down by persistent skepticism surrounding AI capital expenditures, but the tone reversed sharply on Thursday following Microsoft’s stronger-than-expected cloud revenue growth. On the economic front, the Bureau of Economic Analysis (BEA) reported that the core Personal Consumption Expenditures (PCE) price index rose 0.1% in June—cooler than the 0.2% consensus estimate—bringing the year-over-year core rate down to 3.3% from 3.4% in May. Meanwhile, second-quarter GDP growth moderated to an annualized 1.5% rate, missing expectations of 2.1%. For the week, the S&P 500 gained 1.05% to close at 7,489.72, the Dow Jones Industrial Average added 1.04% to finish at 52,485, and the tech-heavy Nasdaq Composite jumped 1.59% to settle at 25,373.

From a technical perspective, the S&P 500 executed a clean test and defense of its underlying support structures. Wednesday’s dip to 7,316 successfully held well, setting up a sharp mean-reversion move that reclaimed the short-term 10-day and 20-day EMAs by Friday’s close. Looking above, the 7,500 level remains the short-term technical resistance. A clean, high-volume weekly close above this level is required to neutralize the recent corrective posture and open the path toward 7,700. On the other hand, the tested 7,200 level acts as a defender for any near-term pullbacks. With the index finishing the week at 7,489, 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, 7/24/2026

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 HSA model portfolio: Sell SEMTX, Buy DCZRX

Stocks extended their pullbacks for a second consecutive week, as ongoing sector rotation out of mega-cap technology and semiconductors continued to weigh on the broader indices. Despite a late-week stabilization led by value and traditional industrial sectors, chipmakers and large-cap tech shares faced persistent selling pressure. On the macroeconomic front, elevated bond yields—driven by geopolitics and fresh tariff discussions—kept upside momentum capped as market participants shifted focus toward next week’s upcoming Federal Reserve policy meeting.  For the week, the S&P 500 declined 0.61% to close at 7,411, the Dow Jones Industrial Average slipped 0.38% to end at 51,947, and the tech-heavy Nasdaq Composite shed 2.13% to close at 24,975.

On the technical side of the S&P 500, the index remains stuck beneath its short-term 10-day and 20-day EMAs, confirming that the short-term corrective posture remains in effect. Looking overhead, the 7,500 level remains as crucial short-term resistance; a decisive, high-volume weekly close above 7,500 is still required to reverse the immediate downtrend and reopen the path toward the 7,700 objective. On the downside, key support at 7,200 continues to serve as the primary line of defense for any further pullback. On the weekly timeframe, the index continues to digest recent gains via sideways consolidation while allowing the 28-week EMA to catch up. As long as price action holds above this moving average, the longer-term structural bull trend remains fully intact. We will continue to track the index's interaction with short-term moving averages and key support levels ahead of the Fed's decision next week.

The weekly chart of the S&P 500 index

Fund Ranking Update, 7/17/2026

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.

The structural push toward new record territory hit an aggressive wall of distribution this week, putting an abrupt end to the mid-July recovery.  Stocks were weighed down by large-cap tech and artificial intelligence (AI)-linked shares despite encouraging results from Taiwan Semiconductor Manufacturing and chip-machine supplier ASML.  On the economic data front, the June CPI and PPI all fell more than expected, which reduces the odds for a rate hike in the next Fed policy meeting under the new Chairman, Kevin Wash.  For the week, the S&P 500 fell 1.55% to close at 7457, the Dow Jones Industrial Average retreated 0.93%, and the tech-heavy Nasdaq Composite went down 2.9%.

On the technical side of the S&P 500 index, the heavy volume slide on Friday has forced a definitive break below the short-term 10-day and 20-day EMAs, signaling that the daily chart is entering a deeper phase of high-level consolidation. However, on the weekly chart, the index remains in sideways consolidation, awaiting the 28-week EMA to catch up.  Looking above, the 7,500 level remains the short-term technical resistance. A clean, high-volume weekly close above this level is required to neutralize the recent corrective posture and open the path toward 7,700. On the other hand, the tested 7,200 level acts as a defender for any near-term pullbacks. As the index stays above the 28-Week EMA, the longer-term structural uptrend remains intact. We will monitor the index's behavior around its 28-Week EMA over the next few weeks.

The weekly chart of the S&P 500 index

 

Fund Rankings Update, 7/10/2026

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.

The high-level consolidation that began in mid-June officially resolved to the upside this week, driven by block-buster corporate data and unexpected structural changes within the tech landscape.  For the week, the S&P 500 rose 1.23% to close at 7575, the Dow Jones Industrial Average fell 0.5%, and the tech-heavy Nasdaq Composite advanced 1.74%.

The weekly chart of the S&P 500 index

Fund Rankings Update, 7/2/2026

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.

The structural correction that defined late June staged a resilient, choppy reversal this week, helped along by a lighter holiday schedule.  For the week, the S&P 500 rose 1.76% to close at 7483, the Dow Jones Industrial Average went up 1.97%, and the tech-heavy Nasdaq Composite jumped 2.12%.

The weekly chart of the S&P 500 index