Fund Rankings Update, 2/27/2026

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 closed mostly lower this week as a sharp rotation out of high-growth technology weighed on investor sentiment. While the Dow Jones Industrial Average managed to eke out a marginal gain, the broader market struggled with renewed anxiety regarding the "disrupted nature" of AI and its potential to undercut the profitability of legacy software and cybersecurity firms. Economic data released this week painted a picture of a cooling, yet stable, economy. On Thursday, the Labor Department reported that weekly jobless claims totaled 212,000, slightly above the previous week’s revised level but still indicative of labor market resilience.  Inflation data, however, provided a mixed signal; while January’s CPI had previously shown signs of cooling, recent wholesale data suggests price pressures remain "sticky" in certain service sectors as PPI and core PPI went up significantly higher last month. For the week, the S&P 500 fell 0.45% to close at 6,878.41, the Dow Jones Industrial Average finished essentially flat with a 0.03% gain, and the Nasdaq Composite bore the brunt of the tech sell-off, decreasing 0.9%.

The S&P 500 index returned to its sideways consolidation pattern this week, failing to hold the gains seen in the previous session and slipping back below the 6,900 level. The index is currently trapped within a 6800 -7000 channel. To regain upward momentum, the index must decisively close above the 7000 psychological resistance level and the 20-day EMA.  A failure to break this level may lead to prolonged range-bound trading. On the other hand, the 6,800 level continues to act as the floor. A breakdown below this support—and specifically a close under the 100-day EMA—could trigger a deeper corrective move toward the 6,700 or even 6,500 measured move targets. 

The weekly chart of the S&P 500 index

Fund Rankings Update, 2/20/2026

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 closed higher this week as major indices regained their footing following a volatile start to the year. While anxiety about AI spending lingers, a landmark Supreme Court ruling on Friday striking down Trump's tariffs sparked a significant relief rally, particularly for e-commerce and retail sectors. Economic data released this week reflected a cooling trajectory for growth; the Bureau of Economic Analysis (BEA) reported on Friday that Q4 2025 GDP grew at an annualized rate of 1.4%, down from 4.4% in the previous quarter and well below the consensus estimate of 2.8%, largely due to the impact of last year’s government shutdown.  However, the labor market and inflation continue to show signs of a "soft landing." On Thursday, the Department of Labor reported that initial jobless claims fell to 206,000, beating expectations. This follows the January data, where the US added 130,000 jobs, maintaining an unemployment rate of 4.3%. Inflation also continues its steady descent; the latest CPI data shows a 2.4% year-over-year increase, down from 2.7% in December.  For the week, the S&P 500 went up 1.39% to close at 6909, the Dow Jones Industrial Average rose 0.25%, and the Nasdaq Composite index increased 1.51%.

The S&P 500 index successfully broke out of its negative bias this week, moving back toward the upper end of the 6800–7000 trading channel. By closing at 6,909, the index has reclaimed its 20-day and 10-day EMAs, signaling a shift in short-term momentum.  However, to resume its upward trajectory, the index has to close above the 7000 resistance. On the downside, if it fails to hold the 6800 support zone, we may see a further test of the 6700 psychological and 28-week EMA support level.

The weekly chart of the S&P 500 index

Fund Rankings Update, 2/13/2026

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 RSP model portfolio: Sell FDGRX, Buy 05084

Stocks closed lower with small caps outperforming the general market. Anxiety about the disrupted nature of AI weighed on investors' sentiments, which led to a sharp rotation out of high-growth tech sectors.  Economic data released this week showed the resilience of US economic growth with cooling inflation. On Wednesday, the Bureau of Labor Statistics (BLS) reported that the US added 130,000 jobs in January, significantly above expectations. The unemployment rate also declined to 4.3% from 4.4% in December.  On Friday, the BLS also reported that the consumer price index (CPI) rose 0.2% month over month and 2.4% year over year in January, below consensus estimates and down from December’s readings of 0.3% and 2.7%, respectively.  For the week, the S&P 500 went down 1.39% to close at 6836, the Dow Jones Industrial Average fell 1.23%, and the Nasdaq Composite index decreased 2.1%.

The S&P 500 index continued its sideways movement with negative bias, trading in the lower end of the 6800-7000 trading channel. The index has successfully tested its 100-day EMA again this week. To resume the upward trajectory, the index has to close above its 20-day and 10-day EMAs and ultimately above its 7000 resistance. However, if it fails to hold the 6800 support zone, we may see a further test of the 6700 psychological level.

The weekly chart of the S&P 500 index

Fund Rankings Update, 2/6/2026

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 ETF model portfolio: Sell IBB, Buy ILF

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

Stocks experienced significant volatility this week as investors rotated out of the tech sectors and moved into cyclical and value-oriented segments. Concerns about overinvestment in AI and the returns on AI investments weighed heavily on investor sentiment.  Economic data released this week painted a mixed picture of the US economy. Private sector employment (ADP) grew by only 22,000 in January, missing forecasts, and U.S. job openings fell to their lowest level since late 2020. On the contrary, manufacturing activity expanded at its highest level since 2022 (ISM PMI hit 52.6), marking the first expansion in a year.  For the week, the S&P 500 edged down 0.1% to close at 6932, the Dow Jones Industrial Average shot up 2.5%, while the Nasdaq Composite index fell 1.84%.

The S&P 500 continued its sideways movement for another week with larger volatility. The index experienced severe rejection at the 7000 level at the beginning of the week and plunged to its 100-day EMA at around 6780 before rebounding back above its 20-day and 10-day EMAs.  If the index can hold above the 10-day and 20-day EMAs after this quick recovery, there is a great chance that it will resume its broader upward trajectory.

The weekly chart of the S&P 500 index

 

Fund Rankings Update, 1/30/2026

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.

Major indices closed the week mixed, with the S&P 500 briefly reaching the 7000 mark on Wednesday.  Tech sectors saw significant stock price volatility after earnings reports from Meta, Microsoft, Tesla, and Apple. Meta stock surged nearly 10% after strong earnings and positive guidance won over investors' approval of its aggressive AI investments.  On the other hand, Microsoft plunged more than 10% after earnings as it experienced a slowdown in its cloud division.   On the macro front, the Federal Reserve opted to hold interest rates steady. Notably, policymakers indicated they do not currently view the existing rate levels as "restrictive," suggesting a cautious but not yet aggressive approach to future cuts.  For the week, the S&P 500 rose 0.34% to close at 6939, the Dow Jones Industrial Average decreased 0.42%, and the Nasdaq Composite index edged down 0.17%.

The S&P 500 continued its sideways trend this week, characterized by a brief foray to the 7000 milestone before a quick rejection sent it back into its current range. The technical outlook remains optimistic. The index has maintained strong upward momentum, trading above its 28-week exponential moving average (EMA), and the "sideways" movement is being viewed as a healthy consolidation phase.  Following this period of stabilization, the index is well-positioned to resume its broader upward trajectory.

The weekly chart of the S&P 500 index

Fund Rankings Update, 1/23/2026

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.

U.S. equities finished slightly lower this week following a period of geopolitical volatility.  Markets opened sharply lower on Tuesday after President Trump threatened new tariffs on European nations regarding Greenland. However, indices recovered much of their losses midweek after the President and NATO Secretary General Mark Rutte agreed on a framework for future negotiations, easing trade concerns.  On the economic front, growth remains robust. The BEA’s reported data show real GDP grew at an annual rate of 4.4%, slightly outpacing initial estimates. Inflation remains a focal point, with the November core PCE price index holding steady at a 0.2% monthly increase (2.8% year-over-year).   For the week, the S&P 500 fell 0.35% to close at 6915, the Dow Jones Industrial Average decreased 0.53%, and the Nasdaq Composite index edged down 0.06%.

The S&P 500 continued its sideways consolidation in this holiday-shortened week. The index first dropped to a weekly low near 6,796 following geopolitical tensions regarding Greenland and potential European tariffs.  However, it displayed significant resilience, rallying in the latter half of the week after tensions eased, ultimately stabilizing to finish at 6,915 on Friday.  Our technical view of the index remains positive. The healthy consolidation will be the catalyst for the index to begin its next leg toward the 7,200 target.

The weekly chart of the S&P 500 index

Fund Rankings Update, 1/16/2026

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.

U.S. equities edged lower this week, with the S&P 500 and Dow Jones Industrial Average pulling back slightly from recent record peaks. Despite the negative bias, inflation data offered a silver lining: the Bureau of Labor Statistics reported core CPI gains of 0.2% monthly and 2.6% annually, both coming in cooler than anticipated. Additionally, the housing market showed unexpected strength as mortgage rates continued to soften.  For the week, the S&P 500 fell 0.38% to close at 6940, the Dow Jones Industrial Average decreased 0.29%, and the Nasdaq Composite index went down 0.66%.

The S&P 500 moved sideways this week, finishing at 6,940—just 4 points shy of its opening. Encouragingly, the index held firm above 6,920, successfully flipping that previous resistance level into a new support. This period of healthy consolidation above 6,920 remains the primary catalyst needed for the index to begin its next leg toward the 7,200 target.

The weekly chart of the S&P 500 index