Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/
Trading signal occurs in SELECT model portfolio: Sell FSAVX, Buy FSESX.
Stocks' winning steak came to an end this past week. Unrest in Libya caused big volatility in oil price and sent stocks into the negative territory. The S&P 500 index closed this week at 1319 down 1.72%, the Dow Jones Industrial Average decreased 2.1%, and the technology laden Nasdaq composite index lost 1.87% for the week.
Small cap, and energy related sectors still led the way in the US markets. Oil price has been trending up and exhibited great volatility since "Jasmine revolution" in the middle east. In SELECT ranking table, automotive sector fund, FSAVX has fallen below 7th rank and is replaced with the current top ranked energy service fund, FSESX. Global markets still underperformed US markets. In the iETF ranking table the top ranked fund has been changed hands several times in the past three months, indicating that there is major investment theme in the global market.
This rally has been going on since last September, and it may need to take a break as investors re-assessing their portfolios in lieu of the political development in the middle east. We don't know where the market is heading until we get there. In the meantime, we can stick to our investment strategies and ride this uncertainty out.
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