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
Trading signal occurs in SSPP model portfolio: Sell FPBFX, Buy FOCPX.
Trading signal occurs in HSA model portfolio: Sell NAMAX, Buy NAESX.
Trading signal occurs in ETF model portfolio: Sell IYT, Buy IBB.
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Worries abut Fed's tapering of easy money policy pushed the major indexes down for another week. For the week, S&P 500 index closed at 1626, down 1.018%, Dow Jones Industrial Average lost 1.17%, and Nasdaq composite decreased 1.32%.
In the blog dated 5/24, I indicated the start of the consolidation due to the reversal chart pattern in the daily chart of S&P 500 index. The consolidation has turned into 4 weeks of stock pull back. In the weekly chart below, the momentum indicator of S&P 500 index has fallen below 75 and heading downward. The 28 week moving average stands at 1550 and it may take the index a few weeks to get there if it ever does. From the daily chart, the index has touched and bounced off the 50 day moving average twice in the past two weeks, showing the importance of the 50 day moving average. If the support fails, which I think is likely this time, the next significant support level is 1540 - 1550.
The four week pull back also causes fund rotation in our momentum ranking tables and position changes in our model portfolios. Small cap funds seem to maintain their momenta better in this pull back. In SSPP rankings table, the rank of Pacific basin fund dropped dramatically due to the volatility in Japan and weak economy in China, while small cap fund, FOCPX, took the lead in the past 3 weeks. In HSA ranking table, the weakness in the mid cap fund, NAMAX, is replacing by small cap fund, NAESX, and in the ETF ranking table, the transport index IYT is pushing down by several small cap indexes with Biotech index, IBB, still leads the way.
Weekly Chart
Daily Chart
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