Fund Rankings Update, FEMKX, 10/24/2008

Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/

Another tough week for stock markets with Dow lost 5.4%, S&P lost 6.8% and NASDAQ lost 9.3%. For the year, Dow has dropped 37%, S&P has lost 40% and NASDAQ has lost 41%. Investors still do not have a clue where the bottom is.

In addition to the six ranking tables, I also provide one timing model using Fidelity's emerging markets fund (FEMKX) in this blog. I uses my favorite technical indicator, stochastics, to determine when to buy and sell the fund. This indicator has been very reliable in the past few years and has successfully saved us from this market meltdown. You can find the timing rule from my earlier blog labeled "How To".

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