Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.atspace.com/
Trading signal occurs in ETF model portfolio: Sell IYM, Buy IBB.
Trading signal occurs in iETF model portfolio: Sell INP, Buy EWW.
Stocks ended this week on the down side due to mixed economy news. The S&P 500 index closed this week at 1104 down 0.42%, the Dow Jones Industrial Average decreased 0.74%, and the Nasdaq composite index lost 0.25% for the week. For the month of February, however, the stock markets fared better than January. Comparing to the close in January of 1073, the S&P 500 index went up 2.9%. The stock markets have been in the correction mode for the past six weeks. The index brief touched the 28 week support and bounced back in the last 2 weeks. Its slow STO[15,1] climbed above 50 this week, indicating that light at the end of the tunnel may not be far away.
Two trading signal occurs in ETF model portfolio and iETF model portfolio. The momentum of the ETF's went down fast in the recent market correction because of their high volatility. The artificial one month holding period we instituted for these model portfolio reduces this volatility and resulted in a smaller loss or even a small gain.
Here is the monthly update for our FEMKX timing system. We will buy FEMKX if its STO[15,1] climbs above 50, hold at least for a month, and sell it if its STO[15,1] falls below 75. We last sold FEMKX on January 25 at $21.96 with a gain of 78.4% after holding it for 301 days. The STO[15,1] of FEMKX has since dipped to the low of 15 and climbed back to 31 this week. We are still holding cash since the STO[15,1] has not climbed above 50 (see chart for detail).
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 03/30/09 $12.31 1/25/10 $21.96 78.4%
CASH 1/25/10 $1.00
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