Fund Rankings Update, 12/26/2014

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 iETF model portfolio: Sell INP, buy FXI.

Stocks trended higher during this short holiday trading week as investors were in a festive mood. Economy data also helped in boosting the markets: US economy was unexpectedly strong as the third quarter GDP  was revised upward to 5% while weekly job report showed lower jobless claims and consumer sentiment improved.  For the week, S&P 500 index closed at 2088, up 0.88%.  Dow Jones Industrial Average gained 1.4%, and Nasdaq composite index increased 0.87%.   

The upward momentum looks to carry the S&P 500 index higher into early next year as shown in the weekly chart below.  Looking forwards to 2015, we see low oil prices and strong US dollars to continue with interest rate creeping up. The stock volatility will increase and vigilant is warranted as this rally has been more than three year old. Wish everyone a happy and prosper new year!

Weekly chart of S&P 500 index