Fund Rankings Update, 8/28/2015

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 FCNTX, Buy Cash
Trading signal occurs in HSA model portfolio: Sell FKASX, Buy IUTIX
Trading signal occurs in RSP model portfolio: Sell 05084, Buy05088

Stocks experienced wild ride this past week. 10 minute into the first trading day, Dow Jones Industrial average plunged more than 1000 points while closed the day only 500 points down. On Tuesday, DJIA went up more than 400 points before the last hour selling and ended down 200 points. Investor sentiment finally turned positive and major indices rallied on Wednesday and Thuraday with help on company merger news and strong US second quarter GDP.  For the week S&P 500 index closed at 1988, up 0.91%, Dow Jones Industrial Average gained 1.11% and Nasdaq composite index ended up higher by increasing 2.2%.

Weekly chart of S&P 500 index

S&P 500 index has formed a long tail "Hammer" pattern in its weekly chart similar to the pattern in October 2014. However, the index is further below its trend line this time around and will take longer to recover. The 28 week moving average used to be the support line on the way up, now it becomes the resistance, and the index has to break the resistance to the end this correction.  Next week's trading is critical to see if the index will have a "V" shape recovery or not.  

Due to the market sell-off, three trading signals were issued this week in SSPP, HSA and RSP model portfolios separately to move to cash or defensive positions (see "Trading Logs" page for detail). With these trading signals, all the model portfolios are either in defensive position or cash position. The last time this happened was in August - October, 2011 when S&P 500 index endured a 21 % correction for 3 months.

Fund Rankings Update, 8/21/2015

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 SELECT model portfolio: Sell FBIOX, Buy FSRPX
Trading signal occurs in ETF model portfolio: Sell IBB, Buy IDU
Trading signal occurs in sETFT model portfolio: Sell IBB, Buy ITB
Trading signal occurs in iETF model portfolio: Sell EWK, Buy Cash

Stocks plunged this week on worried about global economic slow down and the devaluation of China's currency while ncertainty about the timing of Fed's first rate hike rubbed salt into the wound.  For the week S&P 500 index closed at 19701, downp 5.77%, Dow Jones Industrial Average lost 5.82% and Nasdaq composite index ended up lower by decreasing 6.789%.

Weekly chart of S&P 500 index

From the weekly chart, S&P 500 index has fallen below its trading channel of 2040 - 2130 in a violent way giving this rally a long overdue correction. In the 2014 sell-off during September-October time frame, the index fell from 2019 to 1820 with a 10% drop. At that time the index ended up a hammer formation (candle with long tail and short body) and rebounded right above the trend line in the next week to resume the uptrend. The chart pattern this past week showed a long boy candle which indicates that the selling has not quite ended although we may see some bounce next week.  The next support level on the down site is around 1900.  

The bio tech sector has suffer larger loss in this sell-off and caused position changes in several model portfolios this week. SELECT, ETF, and sETF model portfolios have trading signals issued to sell bio tech funds and move to more defensive funds.  For international funds, iETF model portfolio has issued trading signal to move to cash position. Please see detail in the "Trading logs" page.

Fund Rankings Update, 8/14/2015

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 rebounded from the lower bound of the trading channel.  For the week S&P 500 index closed at 2091, up 0.67%, Dow Jones Industrial Average gained 0.6% and Nasdaq composite index ended up lower by increasing 0.09%.

Weekly chart of S&P 500 index

Fund Rankings Update, 8/7/2015

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 retreated broadly this week on concern of rate hike and weakness in energy sector.  For the week S&P 500 index closed at 2077, down 1.25%, Dow Jones Industrial Average lost 1.79% and Nasdaq composite index ended up lower by decreasing 1.65%.

Weekly chart of S&P 500 index

Fund Rankings Update, 7/31/2015

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 opened lower on concern of China's stock market slide. However, they managed to closed higher as investors turnEd  their attention to US economy growth as the week progressed.  For the week S&P 500 index closed at 2103, up 1.16%, Dow Jones Industrial Average gain 0.69% and Nasdaq composite index ended up lower by increasing 0.78%.