Fund Rankings Update, 8/22/2014

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.

Encouraged by strong economic data on housing starts and manufacturing activity, stocks advanced broadly this past week.  S&P 500 index stands at 1988, up 1.71%. Dow Jones Industrial Average gained 2.03%, and Nasdaq composite index increased 1.65% for the week.   

S&P 500 index continued its rebound from the 28 week moving average as shown in the weekly chart. The weekly momentum indicator, STO, has stopped falling and headed back up. The up trend since January 2013 has resumed and is expected to last for a while.

Weekly Chart of S&P 500 Index