Fund Rankings Update, 7/24/2015

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.

Relief about Greece was replaced with worries about company earnings and global economy growth. Stocks opened the week higher but declined through out the rest of the week.  For the week S&P 500 index closed at 2079, down 2.21%, Dow Jones Industrial Average lost 2.86% and Nasdaq composite index ended up lower by decreasing 2.33%.

In the weekly chart, S&P 500 index has given up all the gain from the week before and has fallen back to its 28 week moving average. The tug of war between bull and bear is still in play, and we are still stuck in this flat trading channel between 2040 to 2120.

Weekly chart of S&P 500 Index

Fund Rankigns Update, 7/17/2015

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.

Trading signal occurs in SSPP model portfolio: Sell FIEUX, Buy FCNTX

Greece avoided the exit from euro zone by largely yielding to creditors' deman. The agreement removed the uncertainty in the market and rallied the global stock market at the beginning of the week. Stocks continued going higher throughout the week helped by the strong earning performance from technology sectors.   For the week S&P 500 index closed at 2126, up 2.41%, Dow Jones Industrial Average gained 1.84% and Nasdaq composite index ended up higher by increasing 4.25%.

After making a small "Hammer" candle stick pattern last week, S&P 500 index rebounded strongly from its 28 week moving average. The index has been in this flat consolidation mode trading between the channdel from 2040 to 2120 for the past five months. The strength of this uptrend can be seen from the weekly chart that the index has stayed above its trendline and bounced back up every time it touches or dipped below the trend line. If the index breaks above 2140, the flat consolidation phase will be over and the market will tend higher. 

Weekly chart of S&P 500 index

 The Fidelity Europe fund, FIEUX, in the SSPP ranking table can not keep its momentum going and the AMI rank has fallen below top 7 ranks. A trading signal is triggered to sell FIEUX and replace it with the current top one rank fund, Fidelity Contra fund (FCNTX). We have held FIEUX for only 46 days with a loss of 0.1%.

Fund Rankings Update, 7/10/2015

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.

Trading signal occurs in iETF model portfolio: Sell FXI, Buy EWK

Stocks largely influenced by Greek saga, opened  the week sharply lower again after a "No" vote in Greece referendum rejecting the austerity measure. Major indices plunged further due to slide in Chinese stock market and a system glitch that halted the trading in New York Stock Exchange before rebounded sharply Friday.  For the week S&P 500 index closed at 2076, down 0.01%, Dow Jones Industrial Average gained 0.17% and Nasdaq composite index ended up lower by decreasing 0.23%

The S&P 500 index has made a small "Hammer" candle stick pattern in the weekly chart while closed the week a bit below its 28 week moving average. The momentum indicator is falling and has dipped below the neutral mark of 50. Whether S&P 500 index can rebound from here next week is critical in determining the continuation of the up trend.

Weekly chart of S&P 500 index

Weekly chart below showed the collapse of FXI in the past month. The index fund made a new high at $52.58 after the sharp rise from $43 in late March but failed to keep the gain at $48 and plunged below its 28 week moving average this week. The large volatility caused it to drop out of the top 7 ranks in iETF AMI ranking table and a trading signal was issued for iETF model portfolio to sell FXI and buy into EWK. The FXI has been held for 193 days with a gain of 2.63%.

Weekly chart of FXI

Fund Rankings Update, 7/3/2015

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.

Stocks open the week sharply lower due to Greek debt crisis and struggled to climb back for the rest of the short trading week.  For the week S&P 500 index closed at 2076, down 1.18%, Dow Jones Industrial Average lost 1.21% and Nasdaq composite index ended up lower by decreasing 1.4%.

Weekly chart of  S&P 500 index