Fund Rankings Update, 5/27/2011

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/

Mixed bag of economy data this week provided little direction for stock markets. Stocks drifted lower for the fourth week. The S&P 500 index closed this week at 1331 down 0.16%, the Dow Jones Industrial Average lost 0.56%, and the technology laden Nasdaq composite index decreased 0.23% for the week. Weekly chart of S&P 500 index shows that the index is testing the trend line. The concern I have from technical point of view is that the momentum indicator is drifting downward and is showing divergent pattern with the price movement. Anyway, we will know the outcome of this test in a few weeks.

Fund Rankings Update, 5/20/2011

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 RSP model portfolio: Sell 42632 (Small CAP growth), Buy 42627 (REIT index).

Stocks drifted lower this week. The S&P 500 index closed this week at 1333 down 0.34%, the Dow Jones Industrial Average lost 0.66%, and the technology laden Nasdaq composite index decreased 0.89% for the week. Stocks are moving side way and it looks like this side way movement will last for another few weeks.

Fund Rankings Update, 5/13/2011

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 IYE, Buy IBB.

Trading signal occurs in sETF model portfolio: Sell IEZ, Buy IHF.

Trading signal occurs in FEMKX model portfolio: Sell FEMKX, Buy CASH.

With dollar gets stronger, the emergent markets and commodity markets faltered. US stock market, on the other hand, fared better. The S&P 500 index closed this week at 1337 down 0.18%, the Dow Jones Industrial Average lost 0.34%, while the technology laden Nasdaq composite index increased 0.03% for the week.

This week with the volatility in oil prices, we've seen the money rotated out of the oil related sectors into healthcare/biotech sectors and trading signals were issued in ETF and sETF model protfolios respectively. The stronger dollars also caused the momentum indicator of FEMKX to drop down to 71, below the selling threshold of 75 and a sell signal is issued for FEMKX timing model.

Fund Rankings Update, 5/6/2011

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 FSESX, Buy FBIOX.

Silver price crashed first and the Oil price followed. Collapes of these commodity prices put pressure on the stock market. The S&P 500 index closed this week at 1340 down 1.72%, the Dow Jones Industrial Average lost 1.34%, and the technology laden Nasdaq composite index decreased 1.60% for the week.

The months of May and June are usually "cool" months for stock markets, and the action of major indexes in this first week of May kind of validate that. The good company earning news and stronger than expected job growth in April failed to inspired investors. However, I do not see any disruption to the up-trend from technical point of view. Momentum of The S&P 500 index is still high and the prices is still above the trend line as observed in the weekly chart below.

Sharp drop in the oil price triggered the selling signal in our SELECT model portfolio. We will sell energy service sector fund, FSESX and buy the current top rank fund, FBIOX (bio technology).