Fund Rankings Update, 9/28/2012

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

Stocks continued their consolidation for the second week. S&P 500 index closed the week at 1440 down 1.33%. Dow Jones Industrial Average lost 1.05%, and Nasdaq composite deceased 2%. 

Mixed economy news, higher consumer confidence and consumer spending in August, lower manufacturing activity in mid-west, and slower 2nd quarter GDP, .etc., did not provide direction to this market. Technically, stocks are still in the uptrend movement. S&P 500 index is well above the support with high momentum. Stocks will resume its rally, if we can get some good economy news in the coming weeks. In US sectors, multimedia, biotech and home construction are still very strong. In the global regions, we still see a lot of short term rotation. India and Hong Kong and coming strong while some European countries faded a bit. Because of this short term churning, iETF model portfolio is having trouble holding the top ranked funds for a long period of time to develop the profit, and its performance has been suffering. On the contrary, the home construction sector has been stably strong since last year, and the sETF model portfolio is benefiting from this stable trend in ITB. 

Fund Rankings Update, 9/21/2012

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

Stocks took a break this paste week to digest the gain since September. S&P 500 index closed the week at 1460 down 0.38%. Dow Jones Industrial Average lost 0.1%, and Nasdaq composite index decreased 0.13%. 

Fund Rankings Update, 9/14/2012

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 RSP model portfolio: Sell 42627, Buy 05084(PYR SM CP CORE POOL).

Stocks aided by the QE3 announced Thursday by FED chairman Ben Bernanke continued their advance.  S&P 500 index closed the week at 1485 up 1.94%. Dow Jones Industrial Average gained 2.15%, and Nasdaq composite index increased 1.52%. 

This stock rally has been very impressive. The S&P 500 index broke above its 28 week moving average in early June. The move was confirmed in mid-June when the momentum indicator STO[15,1] climbed above 50 in mid-June. The index then took out its previous high last week and grows more than 17% since its low of 1266 in May. With high momentum and good participation, the rally looks to take the stocks higher.  Accompany the stock rally is the sector rotation. Most of our model portfolios have changed holdings in the past month.  The latest change occurs in the RSP model portfolio, which switches from SSGA REIT index fund to PYR small cap core Pool due to momentum ranking change. The two portfolios that have not changed their holdings since beginning of the year are ETF and sETF model portfolios. ETF model portfolio has held Biotechnology index fund, IBB, for 25% gain and sETF has been holding home construction sector fund, ITB for 61% gain. Both funds have been very strong and continued to be strong.  

Fund Rankings Update, 9/7/2012

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 SSPP model portfolio: Sell FRESX, Buy FIEUX.
Trading Signal occurs in HSA model portfolio: Sell MDDVX, Buy JLVIX
Trading Signal occurs in iETF model portfolio: Sell EWW, Buy EWN

After 2 weeks of consolidation, stocks broke through on the upside.  S&P 500 index closed the week at 1437 up 2.23%. Dow Jones Industrial Average gained 1.65%, and Nasdaq composite index increased 2.26%. 

A couple global economy news have boosted stock markets to the 3 year high this past week. European central bank announced unlimited bond buying program to help stabilize Euro zone sovereign debt crisis this past Thursday, and China announced new infrastructure projects to stimulate its slow economy. On Friday, the weak US August job report provide hope to investors that Federal Reserve will soon announce QE3 to boot US economy. Due to market's strong move, we have observed momentum rotations in our ranking tables especially in global regions.  Fidelity Europe Fund (FIEUX) ranks number one for the second week In SSPP ranking table, and ishares Netherlands fund (EWN) took the number one rank from ishares Singapore (EWS) in iETF ranking table this week. In US general markets, growth funds are back in fashion while income oriented funds faded away. As S&P 500 index just broke above the resistance at 1420, we expect it will come back to test the support sometime in the future and continue the rally. 

Fund Rankings Update, 8/31/2012

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


Stocks continued to consolidate for the second week.  S&P 500 index closed the week at 1406 down 0.32%. Dow Jones Industrial Average lost 0.51%, and Nasdaq composite index decreased 0.09%. 

On Friday, Fed chairman Bernanke hinted on more quantitative easing to boot US economy, although provided no definitive action plan. The speech was enough to provide a relief rally on stock markets Friday. From the weekly chart of S&P 500, the momentum is still in the high range, and the index still managed to close above the psychological barrier of 1400. The key now is whether it will break the resistance at 1425 to head higher.