and
HSA Ranking Table
SSPP Ranking Table
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ETF Ranking Table
sETF Ranking Table
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Fed Chairman Bernanke's signaling the scale back of QE later this year validated the fear of investors on Wednesday. Markets reacted badly to the news with a big sell off dropping DJIA more than 200 points Wednesday and more than 300 points the next day. For the week, S&P 500 index closed at 1592, down 2.11%, Dow Jones Industrial Average lost 1.8%, and Nasdaq composite decreased 1.94%.
Pull back turns into sell-off, and consolidation became correction. S&P 500 index has fallen below the psychological support of 1600. As stated last week, the next logical support for S&P 500 index is at around 1540.
Our FEMKX timing system is more sensitive to the general market conditions. Although the fund, FEMKX, itself has not been performed well in the past couple of years due to the weakness in the emergent markets, the timing system has timed the market well. I have overlaid the trading signals generated from FEMKX system to the weekly chart of S&P 500 index for the past 3 years. The only big miss was the false buy and sell signal in July 2011 which resulted in large loss. Again, no system is perfect but with consistency we will come out winning at the end. One suggestion will be applying the FEMKX timing signals to the Ariel fund (ARGFX) in RSP.
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