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

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