Fund Rankings Update, 12/06/2014

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.

Strong job reports and rebound in oil prices pushed the major indices to record high while technology sectors remained flat.  S&P 500 index closed at 2075, up 0.38%. Dow Jones Industrial Average gained 0.73%, and Nasdaq composite index decreased 0.23%.

S&P 500 index appears to be in a consolidation mode. In the weekly chart, its price pattern has flatten out for the past two week. However, the technical picture of the index stays the same, and we expect the up-trend with small consolidation will continue for the next few weeks. 

This is the time a lot of mutual funds and ETFs distribute their dividends and capital gains. I have to manually update the price one fund at a time, and the information may not be readily available. The momentum rankings may display some instability this month. 

Weekly chart of S&P 500 Index