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.