Fund Rankings Update, 10/30/2015

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 Cash, Buy FRESX.
Trading signal occurs inETF model portfolio: Sell Cash, Buy IGM.

Major indices took a breather after 4 weeks of strong rally.  Stock price movement during the week were mostly affected by the mixed company earning reports.   For the week S&P 500 index closed at 2079, up 0.2%, Dow Jones Industrial Average gained 0.1% and Nasdaq composite index ended up higher by increasing 0.43%.

Weekly chart of S&P 500 index

As seen in the weekly chart, S&P 500 index has gone up more than 200 points from the low of 1875 in five weeks.  The weekly momentum index, STO, stands at 74  and is approaching the overbought area above 80.  As the index breaks above the resistance line for the first time, it will usually comes back down to test it as the resistance level becomes the support level.  If the test is succesfully, the index will then continue to move higher.

Two tradings signals occurred in our model portfolio this week due the strong rally and relief of the holding period. In the SSP model portfolio, the trading signal called for buying real estate fund, FRESX after holding cash position for 60 days.  In the ETF model portfolio, trading signal asks for moving out of cash position and move into technology index fund, IGM.