Fund Rankings Update, 5/2/2014

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


Trading signal occurs in sETF model portfolio: Sell IGN, Buy IEO.

Strong company earnings continued to push stock prices higher with seventy four  percent of the companies in S&P 500 index reported better than expected earnings.  S&P 500 index closed at 1881, up 0.95%, Dow Jones Industrial Average gained 0.93%, and Nasdaq composite increased 1.19% for the week.   

We may see some short term bounce in the coming weeks as all three major indices showed momentum picking up in both weekly charts and daily charts. The uptrend has not been disrupted as long as the indices all hold above their 28 week moving average. However, we expect the growth rate to be slower than before since sector leadership has changed toward defensive and energy related sectors as technology sectors faded away. 

Weekly chart of S&P 500 Index

Weekly Chart of NASDAQ Composite Index