iEF and sETF ranking update, 4/28/2009
Rankings of Average Momentum Index(AMI) for iETF and sETF have been posted at : http://yechen.pan.googlepages.com/
Fund Rankings Update, 4/24/2009
Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
Stocks paused for a break this week and ended the six weeks of winning streak. The S&P 500 index closed at 866, down 0.4%, and the Dow Jones Industrial Average decreased 0.7% for the week, while the Nasdaq composite index still managed to gain 1.3%.
Investors have very low expectation of the company earnings, hence the earning news so far has been better than wall street's estimates. This indicates that we are in the process of forming the bottom. However, recovery is still a long way to go and we need to see more improvement in the economy. The month of May usually is not a good month for stocks based on past statistics. We shall see how it turns out this year.
Stocks paused for a break this week and ended the six weeks of winning streak. The S&P 500 index closed at 866, down 0.4%, and the Dow Jones Industrial Average decreased 0.7% for the week, while the Nasdaq composite index still managed to gain 1.3%.
Investors have very low expectation of the company earnings, hence the earning news so far has been better than wall street's estimates. This indicates that we are in the process of forming the bottom. However, recovery is still a long way to go and we need to see more improvement in the economy. The month of May usually is not a good month for stocks based on past statistics. We shall see how it turns out this year.
Fund Rankings Update 4/17/2008
Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
With better-than-expected earning news stock markets advanced for the sixth week. The S&P 500 index closed at 869, up 1.5%, the Dow Jones Industrial Average increased 0.6% and the Nasdaq composite index gained 1.2% for the week.
This week, a "buy" signal was issued for SSPP model portfolio. We will move out of the cash position and buy into FNMIX. In addition, a "buy" signal was issued for nSSPP model portfolio, we will shell Promark Income Fund and buy into Emerging Market Index (42625). All the model portfolios are in the long position due the the strength and the length of this rally.
With better-than-expected earning news stock markets advanced for the sixth week. The S&P 500 index closed at 869, up 1.5%, the Dow Jones Industrial Average increased 0.6% and the Nasdaq composite index gained 1.2% for the week.
This week, a "buy" signal was issued for SSPP model portfolio. We will move out of the cash position and buy into FNMIX. In addition, a "buy" signal was issued for nSSPP model portfolio, we will shell Promark Income Fund and buy into Emerging Market Index (42625). All the model portfolios are in the long position due the the strength and the length of this rally.
iEF and sETF ranking update, 4/14/2009
Rankings of Average Momentum Index(AMI) for iETF and sETF have been posted at : http://yechen.pan.googlepages.com/
Trading signals occur in iETF model portfolio:
Sell Cash, Buy EWT
Trading signals occur in sETF model portfolio:
Sell Cash, Buy IGW
Trading signals occur in iETF model portfolio:
Sell Cash, Buy EWT
Trading signals occur in sETF model portfolio:
Sell Cash, Buy IGW
Fund Rankin Update 4/10/2009
Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
Wall street's winning streak was kept alive by the better than expected earning news from Wells Fargo's. Stocks advanced for the fifth week with technology sector leading the way. The S&P 500 index closed at 856, up 1.7%, the Dow Jones Industrial Average increased 0.8% and the Nasdaq composite index gained 1.9% for the week. Notably, The weekly STO[15,1] (stochastics) of all the 3 indiexs have crossed above 50. The price of S&P 500 index and the Dow Jones Industrial Average are still a bit below the 28 week exponential moving average, while the technology laden NASDAQ composite index has just climbed above its 28 week EMA. With the depression concern behind us and the economy recession showing sign of receding, investors feel more optimistic about the future.
Following the "buy" signal last week in our SELECT model protfolio, a "buy" signal occurs this week in our ETF model portfolio. We will sell our cash position and buy into IGW. The recent rally is lead by the small cap and technology sectors as they usually did in the past recovery phase. The concensus in Wall street is that the economy is bottoming out and a recovery is six to nine moths away. Technology, and the emerging market are the leading sectors right now. I believe on Tuesday we will see some buy signals in iETF and sETF model protfolios.
Wall street's winning streak was kept alive by the better than expected earning news from Wells Fargo's. Stocks advanced for the fifth week with technology sector leading the way. The S&P 500 index closed at 856, up 1.7%, the Dow Jones Industrial Average increased 0.8% and the Nasdaq composite index gained 1.9% for the week. Notably, The weekly STO[15,1] (stochastics) of all the 3 indiexs have crossed above 50. The price of S&P 500 index and the Dow Jones Industrial Average are still a bit below the 28 week exponential moving average, while the technology laden NASDAQ composite index has just climbed above its 28 week EMA. With the depression concern behind us and the economy recession showing sign of receding, investors feel more optimistic about the future.
Following the "buy" signal last week in our SELECT model protfolio, a "buy" signal occurs this week in our ETF model portfolio. We will sell our cash position and buy into IGW. The recent rally is lead by the small cap and technology sectors as they usually did in the past recovery phase. The concensus in Wall street is that the economy is bottoming out and a recovery is six to nine moths away. Technology, and the emerging market are the leading sectors right now. I believe on Tuesday we will see some buy signals in iETF and sETF model protfolios.
iEF and sETF ranking update, 4/7/2009
Rankings of Average Momentum Index(AMI) for iETF and sETF have been posted at : http://yechen.pan.googlepages.com/
Fund Rankin Update, 4/3/2009
Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
Stocks advanced for the fourth week. The S&P 500 index closed at 842, up 3.6%, the Dow Jones Industrial Average increased 3.1% and the Nasdaq composite index gained 5.0% for the week. The STO[15,1] (stochastics) of S&P 500 index has crossed above 50 while the price is a bit below the 28 week exponential moving average. It will be a good sign if the index can stabilize at this level to buid a fundation. Although stocks have gone up more than 20% from its bottom in late February, they might just get back to the level where they supposed to be. Stocks price tends to overshoot in both ways, and in February the stock market was in an extremely oversold condition due to investors' panic about depression.
After holding the cash for more than six months, the SELECT model portfolio has issued a buy signal this week. We will buy FWRLX becasue the AMI rank of FSLXX (money market fund) has dropped below 7. Funds in other ranking tables have not reacted to the recent rally as fast of funds in the SELECT rankings table. We are still holding cash for these model portfolios. From the weekly chart of FWRLX, the price has climbed above its 28 week exponential moving average and it STO[15,1] is well above 50.
Stocks advanced for the fourth week. The S&P 500 index closed at 842, up 3.6%, the Dow Jones Industrial Average increased 3.1% and the Nasdaq composite index gained 5.0% for the week. The STO[15,1] (stochastics) of S&P 500 index has crossed above 50 while the price is a bit below the 28 week exponential moving average. It will be a good sign if the index can stabilize at this level to buid a fundation. Although stocks have gone up more than 20% from its bottom in late February, they might just get back to the level where they supposed to be. Stocks price tends to overshoot in both ways, and in February the stock market was in an extremely oversold condition due to investors' panic about depression.
After holding the cash for more than six months, the SELECT model portfolio has issued a buy signal this week. We will buy FWRLX becasue the AMI rank of FSLXX (money market fund) has dropped below 7. Funds in other ranking tables have not reacted to the recent rally as fast of funds in the SELECT rankings table. We are still holding cash for these model portfolios. From the weekly chart of FWRLX, the price has climbed above its 28 week exponential moving average and it STO[15,1] is well above 50.
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