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 FEMKX timing model: Sell FEMKX, Buy Cash.
Investor felt relief after Cyprus reaching bailout deal with EU. S&P 500 index closed the week at 1569, up 0.79%, Dow Jones Industrial Average gained 0.46%, and Nasdaq composite increased 0.69% for the week.
This economy recovery has been lead by United States, and performance of emerging market counties has been lagging behind since the beginning of the year. The momentum of our emerging market fund, FEMKX, perked up in November 2012, stayed high for 3 months but deteriorated fast in the past month. The stochastic indicator STO[15,1] of FEMKX fell below 75 this week, and a sell signal was generated in our FEMKX timing system. We have held FEMKX for 95 days with a gain of 3.95%.
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 occcurs in Select model portfolio: Sell FSHOX, Buy FSAIX.
Trading signal occcurs in iETF model portfolio: Sell EWO, Buy EWD.
Fiscal crisis in Cyprus reminds investors that European debt problem has not gone away. The fact that banks planned to charge 10% fee on deposits spooked the investors around the world. S&P 500 index closed the week at 1556, down 0.24%, Dow Jones Industrial Average lost 0.01%, and Nasdaq composite decreased 0.13% for the week.
While S&P 500 index tried to break its record high of 1575, sector rotation is quietly underway. Transportation and Biotec sectors are gaining momentum and climbing up in the ranking tables. In Select model portfolio, a trading signal occurs to sell FSHOX and buy FSAIX due to rank change. In global regions, Japan has moved up a lot this year in the iETF ranking table due to its easy fiscal policy. A trading signal also occurs in iETF model portfolio to sell EWO and buy EWD. Overall, the performance of oversee markets has lagged behind the US markets as US economy recovery is on a stronger footing.
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Retail sales, manufacturing activities and employment rates all indicated that US economy is growing at a faster pace. S&P 500 index closed the week at 1560, up 0.61%, Dow Jones Industrial Average gained 0.81%, and Nasdaq composite increased 0.14% for the week.
S&P 500 index continues to march toward its pre-crash '2007 high of 1575. All the factors are favorable for the index to go higher. Fundamentally, the index is less expensive than 2007, with lower PE ratio and higher yield. Economy condition is also helping as it is picking up momentum and the Federal Reserve is continuing its easy money policy. Technically, S&P 500 index still possess high momentum, and the up-trend looks to be robust from weekly chart. The things that work against the index is the duration of this rally, which has been 4 months and the psychological resistance to traders/investors due to the previous-high. It will be interesting to see how the index behave once it reach 1575.
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 FIEUX, Buy FDVLX.
Stock marching higher as US economy created 236,000 jobs in February and unemployment rated fell to 7.7%. S&P 500 index closed the week at 1551, up 2.17%, Dow Jones Industrial Average gained 2.18%, and Nasdaq composite increased 2.35% for the week.
After four 4 weeks of consolidation, S&P 500 index broke out on the up side and got closer to the pre-crash '2007 high of 1575. As the index is at the top of its rising channel again and the rally is almost 4 month old, caution is warranted. In the SSPP ranking table, Fidelity Europe Fund (FIEUX) has been pushed down outside the top 7 ranked funds, which initiated a trading signal in our SSPP model portfolio to replace FIEUX with the current top ranked fund, FDVLX.
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 consolidated for the fourth week with Dow Jones Industrial Average breaking the 1400 psychological barrier. S&P 500 index closed the week at 1518, up 0.17%, Dow Jones Industrial Average gained 0.64%, and Nasdaq composite decreased 0.25% for the week.
Weekly chart of S&P 500 index below shows that the index has been searching for a direction for 4 weeks and looks to be forming a rounded top formation. With the uncertainty of effect from federal government budget cut due to the sequester and March 27 deadline for government shutdown, I see more downside bias then upside in the next few weeks.
