1. Trading signal occurs in RSP model portfolio: Sell FDGRX, Buy ARGFX.
2. Trading signal occurs in HSA model portfolio: Sell VGRAX, Buy TVAFX.
While economy gaining stronger footing and congress reached budget deal to avoid shutdown in the next two year, fears of Fed tapering of Quantitative Easing policy came back to haunt the stock market. Stocks followed the pattern last week, went down for the first 4 days of the week and rebounded on Friday. S&P 500 index closed at 1775, down 1.65%, Dow Jones Industrial Average lost 1.65%, and Nasdaq composite decreased 1.51% for the week.
Weekly chart of S&P 500 index shows that the index has came down from the top of its uprising trading channel to the middle of the trading channel. The uptrend is still intact before the index falls below the lower bound of the trading channel and we will trade accordingly.
Two trading signals were issued this week due the the AMI rank changes in RSP and HSA model portfolios. In RSP model portfolio, the Fidelity growth company fund (FDGRX) is replaced with Ariel fund (ARGFX), and in the HSA model portfolio, the Invesco VanKamp Midcap growth fund (VGRAX) is replaced with Thornburg Value Fund (TVAFX).
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