Fund Rankings Update, 2/19/2010

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

Stock markets made a big comeback this week. Good construction and factory activities as well as higher company profit moved the markets upwards. The Federal Reserve's raising of the discount rate Thursday afternoon also signaled the health of the financial system. The S&P 500 index closed this week at 1109, up 3.13%, the Dow Jones Industrial Average increased 3.0%, and the Nasdaq composite index gained 2.76% for the week.

So far this year, the US domestic sector funds have out performed the international funds. In our SELECT ranking table, FSAIX still holds the number one rank, and there are thirty four funds with positive AMI's. In the sETF ranking table, there are 28 funds with positive AMI's and the home construction (ITB) is leading the pack. Only three funds have positive AMI's in the iETF table. However, with higher volatility, the international funds can catch up very quickly.