Fund Rankings Update, 1/2/2015

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 FCNTX, Buy 42627.

Traders sold in the last day of 2014 to lock in the gain for the year in this shorter trading week. Disappointing manufacturing and construction data did not help stock prices either. For the week, S&P 500 index closed at 2058, down 1.46%.  Dow Jones Industrial Average lost 1.22%, and Nasdaq composite index decreased 1.67%.   

Technical picture of S&P 500 index stays the same as last week, with price remains above its 28 week moving average and high upward momentum. In the US sectors, biotech, and real estate are still strong while energy related sectors continue to be weak and expected to remain weak for a while. A trading signal was generated in RSP model portfolio this week. FCNTX was pushed out of 7 ranks, and is replaced by the current number one ranked fund, SSGA REIT index.

Weekly chart of S&P 500 index