Fund Rankings Update, 7/12/2013

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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Fed Chairman Ben Bernanke's comment to keep highly accommodative monetary policy for the foreseeable future pushed the stock market up strongly for the third week.   For the week, S&P 500 index closed  at 1680, up 2.96%, Dow Jones Industrial Average gained 2.17%, and Nasdaq composite increased 3.47%.


In the daily chart, S&P 500 index not only easily stays above its 50 day moving average but also went straight up 5 consecutive days to reach record closing high this week. With this powerful movement, we have to say that the test of support three weeks ago in the weekly chart was successful and the rally will continue. 

Weekly chart of S&P 500 index




Daily chart of S&P 500 index


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