YCP ETF and Mutual Fund Rankings: July 2012

Fund Rankings Update, 7/27/2012

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

Consumers and companies affected by worries about European financial crisis and slow job growth in US reduced their spending in the second quarter. The second quarter US GDP slowed to a growth of 1.5% less than the 2.0 % growth in first quarter and 4.1% in the fourth quarter of 2011. However, boosted by the hope that the slow economy growth will prompt FED's stimulus action and the comment from European Central Bank president about preserving euro, stocks shook off the bad economy reports and advanced higher. SP 500 index closed the week at 1385, up 1.71%. Dow Jones Industrial Average gained 1.97%, and Nasdaq composite index increased 1.12%.

The technical picture of S&P 500 index stayed the same as previous weeks. The index is above its 28 week moving average and trending higher. The momentum indicator is above 50 and gaining strength.

Fund Rankings Update, 7/20/2012

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 HSA model portfolio: Sell IUTIX , Buy MDDVX.

Even with Friday's sell-off due to worries about Spain's debt situation, stocks still manged to post small gains for the week. SP 500 index closed the week at 1362, up 0.43%. Dow Jones Industrial Average gained 0.36%, and Nasdaq composite index increased 0.58%.

As I pointed out last week that the major indices are flirting around their 28 week moving averages and gaining momenta. Stocks may continue grinding higher as their technical pattern stay the same. Next week, investors will focus their attention to the earning reports from major companies such as McDonald, Apple, Facebook, etc.. Depending on their earning and revenue outcomes, stocks are expected to experience higher volatility than normal.

Fund Rankings Update, 7/13/2012

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

Effects from European debt crisis have impacted company performance as reported in the company earning announcements. Most of the companies also expect the slow down to last to the end of the year. This negative outlook caused 6 consecutive down days in Wall Street before Friday's big rally to save the week. SP 500 index closed the week at 1356, up 0.16%. Dow Jones Industrial Average gained 0.04%, while Nasdaq composite index decreased 0.98%.

The silver lining in this market full with negative sentiment is that in the weekly chart, the momentum of S&P500 index is still above 50 and rising. The index, after spending most of the week below its 28 week moving average, closed the week above the support. As the support holds, it may grind higher from here.

Fund Rankings Update, 7/6/2012

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

Weak US jobs report Friday wiped out the gains from previous 3 days. SP 500 index closed the week at 1354, down 0.55%. Dow Jones Industrial Average lost 0.84%, while Nasdaq composite index increased 0.08%.

Earnings season for the second quarter started this coming Monday. We will know how companies performed during this global slowdown period and what to expect for the next couple quarters. Stock markets tend to be more volatile during the earning report seasons.

We had a vacation trip this past week and here are some pictures from our 6-day trip (Home-->Kingston/1000 thousands-->Boston-->Albany-->Niagara Falls-->Home):