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

Fund Rankings update, 6/26/2026

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 into the end of the quarter hit a major technical speed bump this week. Selling pressure was relentless, forcing the S&P 500 to fall every single day and snapping its brief post-holiday recovery.  The five-day slide marks the longest losing streak for the broad market since last August, leaving the index sitting roughly 3.4% below the all-time highs established on June 2nd.  For the week, the S&P 500 lost 1.95% to close at 7294, the Dow Jones Industrial Average rose 0.6%, while the tech-heavy Nasdaq Composite plunged 4.6%.

On the technical picture of the S&P 500 index,  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.

The weekly chart of the S&P 500 index

Fund Rankings Update, 6/19/2026

 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 FSENX, Buy FDCPX

Trading signal occurs in sETF model portfolio: Sell IEZ, Buy IXN

The major averages closed higher this week supported by the news that the U.S. and Iran had signed an interim agreement extending the April ceasefire by 60 days, allowing commercial shipping to resume safely through the Strait of Hormuz.  For the week, the S&P 500 rose 0.93% to close at 7500, the Dow Jones Industrial Average gained 0.71%, and the tech-heavy Nasdaq Composite shot up 2.43%.

The weekly chart of the S&P 500 index

Fund Rankings Update, 6/12/2026

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 major averages clawed their way back to lock in a positive week, breaking the early June correction momentum. Volatility took center stage, but the market found solid footing by Thursday and Friday, riding a massive wave of capital from the historic SpaceX IPO as well as significant diplomatic progress in the Middle East.  For the week, the S&P 500 rose 0.65% to close at 7,431, the Dow Jones Industrial Average gained 0.66%, and the tech-heavy Nasdaq Composite advanced 0.7%.

The S&P 500 index executed a healthy stabilization this week, defending its immediate support levels and recovering part of the early-June drawdown. The index reached a low of 7231 mid-week and rebounded to close at 7431, right above its 20-day EMA. On the upside, the 7500 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.  Conversely, the recently tested 7,200 level serves as a firm support, acting as a crucial defender against any near-term pullbacks.      

The weekly chart of the S&P 500 index

Fund Rankings Update, 6/5/2026

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 the FEMKX timing model: Sell FEMKX, Buy Cash

Stock markets faced their sharpest reality check in months this week, as a massive Friday sell-off in mega-cap technology companies dragged down the broader averages. The S&P 500 slumped 2.6% on Friday alone, marking its worst single-day performance since last October.  The slump was due to the strong Job reports from the Labor Department on Friday morning that the economy added 172,000 jobs in May, nearly doubling economists' consensus expectations. While the unemployment rate held steady at 4.3%, the strong job creation and positive revisions to prior months sent Treasury yields surging. The 10-year Treasury yield climbed sharply to 4.54%, as market participants rapidly priced in the likelihood that the Federal Reserve will hold interest rates higher for longer, or potentially even consider a rate hike later this year.  For the week, the S&P 500 fell 2.6% to close at 7,383, the Dow Jones Industrial Average slipped 1.3%, and the tech-heavy Nasdaq Composite bore the brunt of the damage, plunging 4.2% to close at 25,709.

The S&P 500 underwent a major technical rejection at 7600 level, failing to sustain its position in "blue sky" territory and plummeting back below the 7,500 psychological barrier. By closing at 7,383, the index has wiped out its late-May gains and is now aggressively testing its short-term moving averages. The vertical nature of Friday's drop suggests that momentum has shifted to neutral-bearish in the immediate term, though the structural long-term trend remains intact. The 7500 flips from support to short-term technical resistance now that it has been broken, while 7200, the previous breakout point, becomes short-term support with the previous high of 7000, which also coincides with the 28-week EMA as a further downside support.    

The weekly chart of the S&P 500 index