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 ETF model portfolio: Sell IYM, Buy IYE.
Private sectors added more jobs in February and push the employment below 9%. This provides the final indicator that the economy recovery is in a sound footing. However, the unrest in the middle east which push the oil price to the highest level since 2008 may threaten the economy growth. Stocks ended this week almost flat, the S&P 500 index closed this week at 1321 up 0.1%, the Dow Jones Industrial Average increased 0.33%, and the technology laden Nasdaq composite index gained 0.13% for the week.
Energy related sectors still led the way in the US markets due the rising oil prices. In the ETF ranking table, IYM is pushing out of the top 10 ranking and causing our model portfolio to sell the fund and replace it with top ranked IYE. In global regions, Canada and Germany hold the top two momentum rankings.
Here is an update of our FEMKX timing model (I have not done this for a while), which trades only Fidelity Emergent Market Fund, FEMKX. The system will buy FEMKX if its technical momentum indicator, slow STO[15,1], climbs above 50, hold the fund at least for a month, and sell it if its slow STO[15,1] falls below 75. We sold FEMKX on 1/31/2011 and held cash on the side line since then. The STO[15,1] of FEMKX as shown in the chart below, went down to the low of 22 two weeks ago and bounced back afterwards. I am watching closely the price movement of FEMKX as its STO[15,1] currently stands at 40, and we will buy back FEMKX when its STO[15,1] climbs above 50. The trading record for the FEMKX timing model can be found in the "SELECT_Log" page.
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