Fund Rankings Update, 1/24/2014

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/RankingTables.htm  and AMI Tables and Logs


Concern about China's slowed economy sparked a sell-off in equity markets on Thursday and Friday. S&P 500 index closed at 1790, down 2.63%, Dow Jones Industrial Average lost 3.52%, and Nasdaq composite decreased 1.65% for the week. 

In the blog last week, I said that we most likely would encounter a pull back since S&P 500 index has failed to broke above 1850 for four weeks. From the daily chart below, we can see how this short term pull back came into play: The index tried to break above 1850 three times in the past month and failed them all. While the index failed to make new high, its momentum decreased slowly after peaking in late December. Both momentum indicators, slow STO and MACD can be seen to gradually slide downward, and around January 10, MACD gave out a short term sell signal.  Now that a pull back has occurred, let's look at some key levels in the charts. In the daily chart, we can see a short term support at 1770 not far below and the 1700 level supported by the 200 day moving average.  In the weekly chart, the 28 week moving average currently stands at 1750. S&P 500 index has bounced off the 28 week moving average several times during this bull trend so it is important to hold this support for trend continuation. Whether this short term pull back will become the turning point of the year-old bull market depends on how the index react to each of these key support levels. 

Daily Chart of S&P 500 Index

Weekly Chart of S&P 500 Index

Fund Rankings Update, 1/17/2014

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/RankingTables.htm  and AMI Tables and Logs


As companies reported their fourth quarter earnings, market volatility increases. Large daily swing in the major indices can be observed during the past week.  S&P 500 index closed at 1838, down 0.2%, Dow Jones Industrial Average gained 0.13%, and Nasdaq composite increased 0.55% for the week. 

S&P 500 index failed to break above 1850 resistance for the fourth week as seen in the weekly chart below. I think we will get a pull back if it can not break the resistance next week, otherwise, we will see a short term jolt to a higher ground.  

Weekly Chart of S&P 500 Index

Fund Rankings Update, 1/10/2014

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/RankingTables.htm  and AMI Tables and Logs

Trading signal occurs in SSPP model portfolio: Sell FLPSX, Buy FTRNX.


Stocks closed mixed as investors confused about the strong private payroll growth data and weaker than expected  job report in December.  S&P 500 index closed at 1842, up 0.6%, Dow Jones Industrial Average lost 0.2%, and Nasdaq composite increased 1.03% for the week. 

As discussed before, the weekly chart pattern of this rally since October, 2013 has been very similar to the rally between January and May, 2013. Right now, we are in the equivalent of March-April time frame in that rally. It will be interesting to see if history will repeat itself. 

Weekly Chart of S&P 500 Index

Fund Rankings Update, 1/3/2014

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/RankingTables.htm  and AMI Tables and Logs


Stocks opened the year with a small loss as investors took profit from the impressive gain in 2013. S&P 500 index closed at 1831, down 0.54%, Dow Jones Industrial Average lost 0.05%, and Nasdaq composite decreased 0.59% for the week. 

Economic outlook for 2014 looks favorable and the technical picture in weekly chart of S&P 500 index stays the same with high momentum trending upwards. The uptrend is expected to continue for another few weeks. However, the index has been trading along the upper boundary of its upward trading channel for a while and is susceptible to be pulled back down by external disturbance.  

Weekly Chart of S&P 500 Index