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. 

Weekly Chart of S&P 500 Index

Weekly Chart of JXI