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.