Fund Rankings Update, 2/24/2012
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 iETF model portfolio: Sell IOO, Buy EWZ
Fund Rankings Update, 2/17/2012
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Upward momentum kept stocks moving higher. The SP 500 index closed this week at 1361 up 1.38%, the Dow Jones Industrial Average gained 1.16%, and the Nasdaq composite index increased 1.65%.
All the major indexes are at the top of their resistance levels. Judging from how the stocks behaved recently, it is a matter of time that they will break though these levels. For US sectors, technology and automotive are coming on strong for the past week, while biotech and construction are still holding the top ranks. In the global regions, India is moving up fast while Brazil is holding the top rank for the third week in iETF ranking table.
For readers who are interested in the past rankings and like to do their own studies, I have posted the past ranking history in the google docs. They can be accessed from links:
WeeklRank_Archive_2011 - https://docs.google.com/
WeeklRank_Archive_2010 - https://docs.google.com/
WeeklRank_Archive_2009 - https://docs.google.com/
WeeklRank_Archive_2008 - https://docs.google.com/
WeeklRank_Archive_2007 - https://docs.google.com/
WeeklRank_Archive_2006 - https://docs.google.com/
WeeklRank_Archive_2005 - https://docs.google.com/
Fund Rankings Update, 2/10/2012
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
As major stock indexes approached the key resistance level, stocks had the first down week since the beginning of the year. The SP 500 index closed this week at 1342 down 0.17%, the Dow Jones Industrial Average lost 0.47%, and the Nasdaq composite index decreased 0.06%.
From the weekly chart of S&P 500, we can see that this rally has been very strong, and its trending slope is similar to the rally we had in September 2010. The last rally ran into several head wind in 2011, struggled to consolidate above its trend line and ended up giving back all the gain it had. Without man made economic crisis and natural disaster, I expect this rally to last longer than the last one as economy picking up steam. However, the way up is not always a straight line, we will see some bumps along the way.
Fund Rankings Update, 2/3/2012
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Economy added 243000 jobs in January more than the 150000 jobs predicted by economists and the unemployment decreased to 8.3% from 8.5% in December. Boosted by the strong economy data, DJIA and NASDAQ reached their highest level in 3 years. The SP 500 index closed this week at 1344 up 2.17%, the Dow Jones Industrial Average gained 1.59%, and the Nasdaq composite index increased 3.16%.
As US economy getting stronger, financial and basic material sectors are moving up in the sector fund ranking tables while Housing and Biotec sectors remain on the top. For global regions, Brazil and China have moved up fast and are holding the top ranks. S&P is approaching the resistance level of 1350-1360 in the coming weeks. It will be interesting to see how the index reacts to this key resistance level.
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