Fund Rankings Update, 5/31/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
and 
HSA Ranking Table
SSPP Ranking Table
New SSPP (RSP) Ranking Table
Select Ranking Table
ETF Ranking Table
sETF Ranking Table
iETF Ranking Table
SSPP, RSP and HSA Trading Logs
Select and FEMKX Trading Logs
ETF, sETF and iETF Trading Logs


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Strong housing recovery and consumer confidence provided more evidence that economy growth is gaining momentum. However, worries about Fed's tapering of easing policy due to good economy health handed markets the second down week.  S&P 500 index closed  at 1630, down 1.147%, Dow Jones Industrial Average lost 1.23%, and Nasdaq composite decreased 0.09%.

We have witnessed another daily reversal on Friday. Dow Jones Industrial Average went up 70 points in the morning but late sell-of in afternoon pushed the index down 208 points. We can see the same reversal action in the weekly chart this week. S&P 500 as driven up 25 points to the high of 1675 in mid week but closed the week at the low of 1630, down 19 points. These reversals indicated that the markets are weakening and the consolidation is expected to continue. 



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