Fund rankings update, 7/30/2010

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 Cash, Buy EZA

Trading signal occurs in FEMKX timing system: Sell Cash, Buy FEMKX

Stocks struggled between strong company earnings and weak economy data the whole week, and ended the week with mix results. The S&P 500 index closed this week at 1101 down 0.1%, the Dow Jones Industrial Average increased 0.4%, and the Nasdaq composite index lost 0.65% for the week. The resistance level of S&P 500 index at 1100 appears to be very hard to break. It will be interesting to see if S&P 500 index can break out on the up side decisively next week.

I have received information regarding changes in GM's 401k plan. Shares in the eight Fidelity mutual funds will be changed to a different class on August 25. These funds will have different ticker symbols but same investment strategies as the old ones. I have checked these funds out at yahoo.com and found that their price movements are the same as the old funds but the price may vary a bit. Here are the changes:

FCTNX-->FCNKX

FDIVX-->FDIKX

FEMKX-->FKEMX

FGRIX-->FGIKX

FDGRX-->FGCKX

FLPSX-->FLPKX

FMCSX-->FKMCX

FDVLX->FVLKX

Since the price movements of the new funds are the same as the old funds, I will still use the old funds in my rankings tables and use them as surrogates for the new ones.

Here is the monthly update for our FEMKX timing system. This system has timed the market pretty well in the past and hopefully it is as reliable this time. We will buy FEMKX if its slow STO[15,1] climbs above 50, hold at least for a month, and sell it if its slow STO[15,1] falls below 75. After holding cash for more than 2 months, FEMKX broke through its trend line last week and its STO[15,1] increases to 57 this week. Thus, a "buy" signal is issued.

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 06/13/08 $30.81 -2.90%

CASH 06/13/08 $1.00 03/27/09 $1.00 0.0%

FEMKX 03/30/09 $12.31 01/25/10 $21.96 78.4%

CASH 01/25/10 $1.00 03/15/10 $1.00 0.0%

FEMKX 03/15/10 $22.62 05/10/10 $22.37 -1.11%

CASH 05/10/10 $1.00 08/02/10 $1.00 0.0%

FEMKX 08/02/10 $23.17