Fund Rankings Update, 2/14/2014

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 SELECT model portfolio: Sell FSAIX, Buy FBIOX. 

Stocks continued to rebound for the second week. S&P 
500 index closed at 1838, up 2.32%, Dow Jones Industrial Average gained 2.28%, and Nasdaq composite increased 2.86% for the week. 

In the weekly chart, we can see the "V" shape rebound of S&P 500 index off its 28 week MA. The index has failed four times to break above 1850 resistance before this pull back. It will be interesting to see whether the index breaks the resistance next week.  

Notice that the health care and technology sectors have been very strong in the past few weeks.  The sector rotation and the bad weather has pushed down the AMI ranking of FSAIX out of the top 7 in SELECT ranking table, and a signal to replace it with the current number one ranked fund, FBIOX has been issued. 

Weekly Chart of S&P 500 Index