Fund Rankings Update, 6/27/2014

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.


Large cap indices retreated a bit at record high levels while technology sectors continued to advance. S&P 500 index closed at 1960, down 0.1%, Dow Jones Industrial Average lost 0.56%, while Nasdaq composite increase 0.68% for the week.   

Technical pictures for the major indices remain the same. We still expect some selling pressure as S&P 500 index and Dow Jones Industrial Average are at their record levels and the Nasdaq is at its previous high. The selling pressure looks to be in short term nature with no threat to the current up-trend.

Weekly chart of S&P 500 index

Fund Rankings Update, 6/20/2014

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.


Stocks resume its steady march this past week. S&P 500 index closed at 1962, up 1.38%, Dow Jones Industrial Average gained 1.02%, and Nasdaq composite increase 1.33% for the week.   

Although the short term pulled back to support level did not happened this past week and all Major indices advanced to new highs, S&P 500 is a couple of percentage away from its resistance of 2000 and Nasdaq is right at its resistance of 4370.  Consolidation or temporary pause is expected in the next couple of weeks. 

This week is the 10th anniversary of this blog site. The ranking posts started on June 18, 2004 with two AMI ranking tables: SSPP and SELECT, and were originally posted on Yahoo's site. Over the years, the rankings tables were expanded to include HSA, RSP, ETF, sETF and iETF. During this 10 years, we have experienced booming market between 2005 - 2008, great recession in 2008 - 2009, market recovery between 2009 - 2012, and the bull market since 2012. It even surprises me that I have not missed one week of posting. At the end, the performance of SSPP and SELECT hold up pretty well compared with the general market performance. Thanks you all for reading the posts in the past and hope you keep supporting this blog site. 

Weekly chart of S&P 500 index

S&P 500 Index: 10 Year Monthly Chart

Fund Rankings Update, 6/13/2014

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.


After three weeks of moving higher, stocks took a pause to digest their gain. Turmoil in Ukraine and Iraq weighed on investors' mind as well. S&P 500 index closed at 1936, down 0.68%, Dow Jones Industrial Average lost 0.88%, and Nasdaq composite decrease 0.25% for the week.   

For intermediate term trend, S&P 500 index is still moving upward with high momentum as shown in the weekly chart. However, in the daily chart, the index has come down from its high with decreasing momentum. It looks like S&P 500 index will test the 1900 support and resume its advancement if the test is successful. 

In the US sectors, energy related sector funds have dominated the ranking tables due to higher oil prices resulted from conflict in Iraq and Ukraine. In the global arena, India has been strong as well as Brazil which is buoyed by the world cup soccer.  

Weekly Chart of S&P 500 Index

Daily Chart of S&P 500 Index

Fund Rankings Update, 6/6/2014

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.


With European Central Bank (ECB) started to ease its money policy and good US economy data, stocks propelled to new high. S&P 500 index closed at 1949, up 1.34%, Dow Jones Industrial Average gained 1.24%, while Nasdaq composite increased 1.86% for the week.   

Stocks continue to gain momentum. S&P 500 index and Nasdaq composite are expected to advance higher. Next resistance level for S&P 500 index is the psychological barrier of 2000 and for NASDAQ, the previous high of 4370.  

Weekly Chart of S&P 500 Index

Weekly Chart of NASDAQ Composite Index