iEF and sETF ranking update, 3/31/2009
Rankings of Average Momentum Index(AMI) for iETF and sETF have been posted at : http://yechen.pan.googlepages.com/
Fund Rankings and FEMKX Update, 3/27/2009
Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
Stocks extended its gain for the third week with a strong rally on Monday. The S&P 500 index closed at 815, up 6.2%, the Dow Jones Industrial Average increased 6.8% and the Nasdaq composite index gained 6.0% for the week. It is encouraging to see S&P 500 index climbed above the 800 level. Let's hope that it will stay above that level. Although this is a typical bear market rally which most analysts do not expect to last long, the rally is still an important part of the bottoming process toward the recovery.
As indicated in the SELECT AMI ranking table, the AMI of a handful of the sector funds have turned positive this week. Sector funds are more sensitive and react much quicker to the economy condition change than the general stock funds. For the SELECT model portfolio, we are still holding the money market fund, since the rank of FSLXX has not dropped below 7. I think this cash position is prudent because the long term reversal has not occurred yet and the market is still very volatile. We may missed out some of the early gain in an up trend, but that is just what the system supposed to do.
Do you still remember our FEMKX trading system? We will buy FEMKX if the STO[15,1] climbs above 50, hold at least for a month, and sell it if its STO[15,1] falls below 75. According to its weekly chart, the STO[15,1] stood at 51.6 this week and warrant a buy signal. Because the longer term trend reversal has not yet begun, I will be cautious about this buy signal. I will not buy it with all the allocated money but a portion of that instead. Just to test the water, so to speak. Here is the trading record for the FEMKX timing system:
Stocks extended its gain for the third week with a strong rally on Monday. The S&P 500 index closed at 815, up 6.2%, the Dow Jones Industrial Average increased 6.8% and the Nasdaq composite index gained 6.0% for the week. It is encouraging to see S&P 500 index climbed above the 800 level. Let's hope that it will stay above that level. Although this is a typical bear market rally which most analysts do not expect to last long, the rally is still an important part of the bottoming process toward the recovery.
As indicated in the SELECT AMI ranking table, the AMI of a handful of the sector funds have turned positive this week. Sector funds are more sensitive and react much quicker to the economy condition change than the general stock funds. For the SELECT model portfolio, we are still holding the money market fund, since the rank of FSLXX has not dropped below 7. I think this cash position is prudent because the long term reversal has not occurred yet and the market is still very volatile. We may missed out some of the early gain in an up trend, but that is just what the system supposed to do.
Do you still remember our FEMKX trading system? We will buy FEMKX if the STO[15,1] climbs above 50, hold at least for a month, and sell it if its STO[15,1] falls below 75. According to its weekly chart, the STO[15,1] stood at 51.6 this week and warrant a buy signal. Because the longer term trend reversal has not yet begun, I will be cautious about this buy signal. I will not buy it with all the allocated money but a portion of that instead. Just to test the water, so to speak. Here is the trading record for the FEMKX timing system:
Fund Buy On Buy@ Sell On Sell@ P/L
FEMKX 03/26/07 $25.15 08/06/07 $29.53 17.42%
FEMKX 09/10/07 $28.98 12/28/07 $33.82 16.71%
FEMKX 04/28/08 $31.73 6/13/08 $30.81 -2.90%
CASH 06/13/08 $1.00 3/27/09 $1.00 0.0%
FEMKX 03/27/09 $12.95
iEF and sETF ranking update, 3/24/2009
Rankings of Average Momentum Index(AMI) for iETF and sETF have been posted at : http://yechen.pan.googlepages.com/
Fund Rankin Update 3/20/2009
Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
Stocks managed to keep the winning streak going. The S&P 500 index went up 1.6% to 768, the Dow Jones Industrial Average increased 0.75% and the Nasdaq composite index gained 1.8% for the week. From the weekly chart of the S&P 500 index, the 800 support level that was broken 3 weeks ago becomes the resistance level now. If the index can not break the resistance at 800 in the following weeks, it will most likely fall back to the 680 level.
Stocks managed to keep the winning streak going. The S&P 500 index went up 1.6% to 768, the Dow Jones Industrial Average increased 0.75% and the Nasdaq composite index gained 1.8% for the week. From the weekly chart of the S&P 500 index, the 800 support level that was broken 3 weeks ago becomes the resistance level now. If the index can not break the resistance at 800 in the following weeks, it will most likely fall back to the 680 level.
iEF and sETF ranking update, 3/17/2009
Rankings of Average Momentum Index(AMI) for iETF and sETF have been posted at : http://yechen.pan.googlepages.com/
Fund Rankin Update 3/13/2009
Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
Stocks have the best week since last November. The S&P 500 index went up 10.7% to 756, the Dow Jones Industrial Average increased 9% and the Nasdaq composite index gained 10.6% for the week. Stock market will not go up forever and will not go down forever. From the weekly chart of the S&P 500 index, its momentum (STO) is still below 20 at an extreme oversold level. This indicates that we are not out of the woods yet. Howerver, any rally is welcomed at this precarious economy down time. Hopefully the good economy news will keep coming, government's stimulus plan can work its way around, and the market can stabilize at this level.
Stocks have the best week since last November. The S&P 500 index went up 10.7% to 756, the Dow Jones Industrial Average increased 9% and the Nasdaq composite index gained 10.6% for the week. Stock market will not go up forever and will not go down forever. From the weekly chart of the S&P 500 index, its momentum (STO) is still below 20 at an extreme oversold level. This indicates that we are not out of the woods yet. Howerver, any rally is welcomed at this precarious economy down time. Hopefully the good economy news will keep coming, government's stimulus plan can work its way around, and the market can stabilize at this level.
iEF and sETF ranking update, 3/10/2009
Rankings of Average Momentum Index(AMI) for iETF and sETF have been posted at : http://yechen.pan.googlepages.com/
Big relief rally today with the news that the Citigroup is making profit for the first two months of the year. The pessimism is so bad that any good news can give big boost to the stock market. I hope the the good news can keep coming.
Big relief rally today with the news that the Citigroup is making profit for the first two months of the year. The pessimism is so bad that any good news can give big boost to the stock market. I hope the the good news can keep coming.
Fund Rankin Update 3/6/2009
Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
Stock market had the worst week of the year. The S&P 500 index closed this week at 683, down 7.0% for the week, the Dow Jones Industrial Average fell 6.2% and the NASDAQ composite index went down 6.1%. As mentioned in the last blog, the chart pattern indicates further downward price movement. We need some good economy news to give market a boost.
Stock market had the worst week of the year. The S&P 500 index closed this week at 683, down 7.0% for the week, the Dow Jones Industrial Average fell 6.2% and the NASDAQ composite index went down 6.1%. As mentioned in the last blog, the chart pattern indicates further downward price movement. We need some good economy news to give market a boost.
iEF and sETF ranking update, 3/3/2009
Rankings of Average Momentum Index(AMI) for iETF and sETF have been posted at : http://yechen.pan.googlepages.com/
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