Fund rankings update, 2/27/2015

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.

With no major economic and geopolitical developments around the world, stocks traded in a narrow range and tried to digest the gain. S&P 500 index closed at 2104, down 0.27%, Dow Jones Industrial Average lost 0.04%, while Nasdaq composite index increased 0.15%.  

S&P 500 index is trading near its upward trending channel so we do not expect it will have a big jump up. Most likely, with the high momentum, it will move side way or climb along the top of the channel for another few weeks. 

Interestingly, in the past couple of weeks the European country index funds have been gaining momentum especially for countries with well established economy. This may be attribute to the Greece debt relief and improvement in economy growth in Euro zone.  In the iETF ranking table, Sweden, Netherlands, and Germany have seen their ranks moved up in the past three weeks. International funds have not been able to keep up with the US domestic performance in the past two years. Maybe this year is the year for them to shine.  

Weekly chart of S&P 500 index

Fund Rankings Update, 2/20/2015

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.


Major indices marched to all time high as investor sentiment became more positive, and euro zone agreed to extend Greece's debt relief for another four months.  S&P 500 index closed at 2110, up 0.63%, Dow Jones Industrial Average gained 0.67%, and Nasdaq composite index increased 1.27%.  

Continuing the upward momentum in the last two weeks, S&P 500 index has moved up and traded in the rising channel again. All the technical indicators are in favorable conditions and this up trend is expected to last for another few weeks at least. 

Weekly chart of S&P 500 Index

The weekly chart of crude oil price looks interesting from technical point of view. The stochastic momentum indicator has just climbed above 20, out of the extreme oversold condition. Its weekly price has dropped to the first bottom around $45 and has not been able to break above $55 in the last three weeks. The $WTIC index may fall back to the $45 level to form the second bottom of a "W". A short term trading can be made by buying it around $45 and sell it at $55, or A longer term trading can be made by buying around $45, hold it longer and sell at the trend line resistance or other prices above $55 level. 

Weekly chart of light crude oil price

Fund Rankings Update, 2/13/2015

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.


With geopolitical tension in Ukraine, Greek's debt crisis and slowdown in China, stocks climbed a worry wall. P 500 index closed at 2096, up 2.02%, Dow Jones Industrial Average gained 1.09%, and Nasdaq composite index increased 3.15%.  

As expected, S&P 500 index broke and closed above it trading channel between 1988 and 2064, and all the major indices appear to be ready for the next leg up!

Weekly chart of S&P 500 index

Fund Rankings Update, 2/6/2015

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.


Strong job report and rebound in oil prices push the major indices higher. S&P 500 index closed at 2055, up 3.03%.  Dow Jones Industrial Average gained 3.84%, while Nasdaq composite index increased 2.35%.  

While the surge of major indices is very impressive, it only pushes S&P 500 index near the top of the trading channel between 1988 and 2064 since the beginning of the year that we have discussed last week. The index has to break the top of the channel in order to continue this multi-year bull market.  As daily momentum is on the positive side, we shall see if the index can break and stay above the 2064 resistance level next week. 

Weekly chart of S&P 500 Index