GM 401K fund lineup change
GM changes its fund lineup in the 401k plan again, which makes the fund ranking very difficult as new fund has no past price/performance history. The eliminated funds will be removed from the ranking table and the AMI of these new funds will be set to zero initially before we have enough history data to rank them. The changes to the lineup, effective April 1, is summarized in the table below (cut and paste from plan communication).
Fund Rankings Update, 3/28/2014
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 sETF model portfolio: Sell ITA, Buy IGN.
Stocks appeared to be consolidating amid mixed economic data in US, tension in Ukraine crisis, and weak China economy. S&P 500 index closed at 1857, down 0.48%, Dow Jones Industrial Average gained 0.12%, while Nasdaq composite decreased 2.834% for the week.
S&P 500 index has hovering around 1850 level for 5 weeks and managed to stay above 1850. As overall markets are in a consolidating mode, industrial sectors are under severe rotation. We have seen Biotech falling off the leadership and utility sector rising through the momentum ranking as investors reducing their risk exposure. In sETF model portfolio, a trading signal was issued to sell ITA and buy current number one rank fund, IGN, in sETF ranking table due to the ranking change.
Trading signal occurs in sETF model portfolio: Sell ITA, Buy IGN.
Stocks appeared to be consolidating amid mixed economic data in US, tension in Ukraine crisis, and weak China economy. S&P 500 index closed at 1857, down 0.48%, Dow Jones Industrial Average gained 0.12%, while Nasdaq composite decreased 2.834% for the week.
S&P 500 index has hovering around 1850 level for 5 weeks and managed to stay above 1850. As overall markets are in a consolidating mode, industrial sectors are under severe rotation. We have seen Biotech falling off the leadership and utility sector rising through the momentum ranking as investors reducing their risk exposure. In sETF model portfolio, a trading signal was issued to sell ITA and buy current number one rank fund, IGN, in sETF ranking table due to the ranking change.
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| Weekly Chart of S&P 500 Index |
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| Weekly Chart of JXI |
Fund Rankings Update, 3/21/2014
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 tension in Ukraine subsided and good economy news trickled in, investors jumped back into stocks market and push S&P 500 index back above 1850 support level. S&P 500 index closed at 1866, up 1.38%,Dow Jones Industrial Average gained 1.485%, while Nasdaq composite increased 0.74% for the week.
S&P 500 index rebounded and closed above 1850 support level showing the strength of the index and suggesting that the uptrend will continue for a while. In the sector fund area, Biotech funds, such as FBIOX and IBB, have experienced selling pressure lately dropping about 10% from their recent highs. Biotechnology funds are top performers last year and had an exponential run in the first two months of the year. It should not be surprise that investors are taking profit to digest the gain. We should, however, monitor and see how FBIOX and IBB behave at their support levels. For FBIOX, an immediate support is at 200 and a stronger support is at 180. For IBB, 230 and 210 are a couple of support levels to watch for.
As tension in Ukraine subsided and good economy news trickled in, investors jumped back into stocks market and push S&P 500 index back above 1850 support level. S&P 500 index closed at 1866, up 1.38%,Dow Jones Industrial Average gained 1.485%, while Nasdaq composite increased 0.74% for the week.
S&P 500 index rebounded and closed above 1850 support level showing the strength of the index and suggesting that the uptrend will continue for a while. In the sector fund area, Biotech funds, such as FBIOX and IBB, have experienced selling pressure lately dropping about 10% from their recent highs. Biotechnology funds are top performers last year and had an exponential run in the first two months of the year. It should not be surprise that investors are taking profit to digest the gain. We should, however, monitor and see how FBIOX and IBB behave at their support levels. For FBIOX, an immediate support is at 200 and a stronger support is at 180. For IBB, 230 and 210 are a couple of support levels to watch for.
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| Weekly chart of S&P 500 Index |
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| Weekly chart of FBIOX |
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| Weekly chart of IBB |
Fund Rankings Update, 3/14/2014
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
Worries about slow down in China and tension in Ukraine caused stocks to pulled back after breaking the resistance a week before. S&P 500 index closed at 1841, down 1.97%,Dow Jones Industrial Average lost 2.35%, while Nasdaq composite decreased 2.09% for the week.
After breaking the 1850 resistance level, S&P 500 index did not successfully re-test this support level the past week. It is critical for the index to get back above 1850 this coming week, otherwise, it is likely to test 28 week moving average at 1780.
Worries about slow down in China and tension in Ukraine caused stocks to pulled back after breaking the resistance a week before. S&P 500 index closed at 1841, down 1.97%,Dow Jones Industrial Average lost 2.35%, while Nasdaq composite decreased 2.09% for the week.
After breaking the 1850 resistance level, S&P 500 index did not successfully re-test this support level the past week. It is critical for the index to get back above 1850 this coming week, otherwise, it is likely to test 28 week moving average at 1780.
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| Weekly Chart of S&P 500 Index |
Fund Rankings Update, 3/7/2014
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
Stocks continued to advance after breaking through 1850 resistance level . S&P 500 index closed at 1878, up 1.00%,Dow Jones Industrial Average gained 0.8%, while Nasdaq composite increased 0.65% for the week.
Stocks continued to advance after breaking through 1850 resistance level . S&P 500 index closed at 1878, up 1.00%,Dow Jones Industrial Average gained 0.8%, while Nasdaq composite increased 0.65% for the week.
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| Weekly Chart of S&P 500 Index |
Fund Rankings Update, 2/28/2014
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 FEMKX model portfolio: Sell Cash, Buy FEMKX.
Stocks broke through 1850 resistance level . S&P 500 index closed at 1859, up 1.26%,Dow Jones Industrial Average gained 1.36%, while Nasdaq composite increased 1.05% for the week.
Trading signal occurs in FEMKX model portfolio: Sell Cash, Buy FEMKX.
Stocks broke through 1850 resistance level . S&P 500 index closed at 1859, up 1.26%,Dow Jones Industrial Average gained 1.36%, while Nasdaq composite increased 1.05% for the week.
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