Fund Rankings Update, 9/26/2014

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 RSP model portfolio: Sell 42625, buy FCNTX.


Nervous sentiment drove up the volatility of stock markets this past week. Investors tried to reduce their risk exposure on every small bad news that came out, whether it is geopolitical tension or even Apple's OS trouble. DIJA dropped more than 250 points in one day Thursday.  For the week, S&P 500 index fell below 2000 level again and closed at 1982, down 1.375%. Dow Jones Industrial Average lost 0.92%, and Nasdaq composite index decreased 1.48%.   

In the weekly chart below, we can see S&P 500 index is still consolidating at the 2000 level and waiting for the trend line to catch up. Looking back earlier this year in February and March time frame, the index spent 8-9 weeks consolidating around 1900 levels before its final breakout so there should be no surprise this time. We just have to let this consolidation run its course but keep a vigilant eye as sentiment can change suddenly.

A trading signals was issued in RSP model portfolio this week. SSgA emerging market index (42625) is replaced with Fidelity CONTRA Fund, FCNTX, due to AMI rank change and its failure to sustain the up trend. 42625 was held for 46 days with a loss of 3.33%.  

Weekly Chart of S&P 500 Index

Fund Rankings Update, 9/19/2014

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 SSPP model portfolio: Sell FICDX, buy FOCPX.
Trading signal occurs in FEMKX model portfolio: Sell FEMKX, buy CASH.

Investors felt relief as FED keep the easy money policy in place on Wednesday. They were also calmed by the "no" vote in Scottish independence referendum to break out from United Kindom on Friday.  S&P 500 index rose above 2000 level and closed at 2010, up 1.25%. Dow Jones Industrial Average gained 1.72%, and Nasdaq composite index increased 0.27% for the week.   

In the weekly chart, S&P 500 index is still flirting around the 2000 level. It will be interesting to see if the index can continue to advance next week and truly break out from the 2000 level. On the other hand, it may test the short term support at 1950 which we have mentioned last week if the break out fails. 

Two trading signals were issued this week. In SSPP model portfolio, FICDX is replaced with FOCPX due to AMI rank change. FICDX was bought in July when energy related sectors were outperforming others. However, the trend doese not sustain long engough and we have held FICDX for 74 days with a loss of 0.47%.  For FEMKX timing system, the STO indicator has dropped to 54 below the selling threshold and a trading signal is issued to move to cash position.  The model portfolio has held the fund since March for 200 days with a gain of 10.54%. 

Weekly chart of S&P 500 index

Fund Rankings Update, 9/12/2014

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 no major economic data weighing in on the markets, stocks finally took a break after gaining for five weeks.  S&P 500 index fell below 2000 level and closed at 1985, down 1.1%. Dow Jones Industrial Average lost 0.87%, and Nasdaq composite index decreased 0.33% for the week.   

In the weekly chart, S&P 500 index is still struggling around the 2000 level waiting for breakout. On the down side, a short term support around 1950- 1960 level can provide some buying opportunity if the rally holds.

Weekly chart of S&P 500 index

Fund Rankings Update, 9/5/2014

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 HSA model portfolio: Sell TVAFX buy OPMYX

Mixed economic news with strong manufacturing and service sector data and weak employment data ease investors' fear of FED's rate hike. News about cease fire agreement in Ukraine also help the market to elk out a small gain.  S&P 500 index stands at 2007, up 0.22%. Dow Jones Industrial Average gained 0.23%, and Nasdaq composite index increased 0.06% for the week.   

Technical picture of S&P 500 index remains the same as last week. The index is trying to consolidate above 2000 for the second week waiting for the trend line to catch up while daily and weekly momentum stay high.

Growth funds have outpaced valued funds in the past couple of months. A trading signal occurs in HSA model portfolio was issued to sell TVAFX which has fell to 7 in the momentum ranking table. We will replace the fund with the current number one ranked fund, OPMYX (see detail in Ranking and Trading Log pages). The model portfolio has held TVAFX for 263 days with a gain of 13.4%.

Weekly chart of S&P 500 index