Fund Rankings Update, 12/28/2012

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

Investors' pessimism about a deal can be reached by year end to avoid the fiscal cliff drove the market down 5 days in a row. S&P 500 index closed the week at 1402, down 1.94%.  Dow Jones Industrial Average lost 1.923%, and Nasdaq composite decreased 2.01%.  Hopefully President and congressional leaders, in their last effort, can strike a deal over the weekend to lessen the blow from drastic tax hikes and spending cuts. The deal will have smaller scope but investors will look at any deal as a positive development to solve government's debt problem while avoid a recession. 

The S&P 500 index started this year at 1257, went up to 1422 in April before giving them all back in May and June due to European debt crisis. The index close at 1266 in June at the low of the down cycle. After some relief in Europe's debt situation, the index climbed back up and made a second attempt to reach a new high of 1474 in September. However, due to weak company earnings, the index experienced a correction in September and  October. The index reached the low of 1343 two weeks after the presidential election. With Fed's help, housing and construction industries made a comeback in the later part of the year and economy looks to be improving if not for the anxiety of fiscal cliff.  The S&P 500 index rebounded from the November low and close the year at 1402 with a gain of 11.5% for the year.

This year, our sETF, ETF, and SELECT model portfolios are outperforming the general markets with sETF gaining a whopping 65 %. The FEMKX timing model is about on par with the market, while SSPP and RSP model portfolios' performance are a bit lagging the market.  HSA and iETF are the two bottom performing portfolios with iETF model portfolio, due to weak international stock markets and high volatility, gave a negative return for the year. All the trading records and the trading performance can be found in the trading log pages.