Fund Rankings Update, 8/3/2012

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

Trading signal occurs in iETF model portfolio: Sell Cash, Buy EWW


US Economy added 163,000 new jobs in July according to Friday's job report. This surprised Wall Street on the upside and ended four days of slide in stock prices. SP 500 index closed the week at 1390, up 0.36%. Dow Jones Industrial Average gained 0.16%, and Nasdaq composite index increased 0.33%. 


Rising tide lifts all boat. After few weeks of slow rally, the global indices also turn positive. The negative AMI in iETF was pushed out below the 7th rank in the ranking table, and a trading signal was issued for our iETF model portfolio to move from cash position to EWW (Mexico). For US domestic sectors, telecom and consumer staple sectors are gaining momenta. As S&P 500 index's technical picture is still in bull's favor, we will see this rally continues.