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.