Fund Rankings Update, 2/7/2014

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 RSP model portfolio: Sell ARGFX, Buy FDGRX. 

Stock prices plunged early in the week due to weak manufacturing data and slow auto sales, but rallied by the end of the week. S&P 
500 index closed at 1797, up 0.81%, Dow Jones Industrial Average gained 0.61%, and Nasdaq composite increased 0.54% for the week. 

In the weekly chart, we can see S&P 500 index decisively bounced off the 28 week MA as it has done in the past. The uptrend remains as long as the index holds above its support. 

This correction has pushed down the AMI ranking of ARGFX out of the top 7 in RSP ranking table, and a signal to replace it with Fidelity growth company (FDGRX) fund is generated for RSP model portfolio. We have held ARGFX for 53 days with a loss of 1.7%.  

Weekly Chart of S&P 500 Index