Fund Ranking Update 8/22/2008

Trading signal occurs in SELECT model portfolio: Sell FSESX, Buy FBIOX.

Weekly Average Momentum Index (AMI) Rankings of SSPP, nSSPP, SELECT, ETF are posted in: http://yechen.pan.googlepages.com/

The international markets are still weaker than U.S. market. With lower oil price and stronger dollar, the U.S. market held up better than the other global regions. Within U.S. industrial sectors, the health care related sectors, such as bio-tech, medical equipment, etc., are leading the pack. Sector rotation is very obvious at this juncture.

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