Fund Rankings Update, 12/30/2016

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.

After failing reach the psychological resistance of DJIA 20000, stocks declined in this light trading week before the end of 2016.  For the week, S&P 500 index closed at 2238, down 1.1%, Dow Jones Industrial Average lost 0.86% and technology laden NADASQ composite index decreased 1.46%.

Weekly chart of S&P 500 index

From weekly chart, S&P 500 index is consolidating after seven weeks of advance as we have discussed in the blog last week. The index started out this year with a big plunge due to concern about global economy growth especially China. It then started to recover in February after forming a double bottom pattern. In July, the index broke above the previous high of 2130 to reach the all time high of 2193 in August. As the US presidential election getting closer, uncertainty heighten and the index pulled back and briefly dipped below the 28 week moving average in late October. After the election completed, investors looked toward a more pro-growth administration and the index resumed its rally and headed higher. For the year, S&P 500 index went up 9.5%, DJIA increased 13.4% and Nasdaq rose 7.5%. In a not so mathematical rigorous comparison, our SELECT model portfolio went up 18%, sETF increased 22%, ETF rose 9% SSPP grew 12%, RSP is up 11% and FEMKX climbed 7.7% .  Happy new year and a prosperous 2017!!

Fund Rankings Update, 12/23/2016

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 ended flat in this light trading week before the Christmas week.  Dow Jones Industrial Average made an effort to break above the psychological barrier of 20000 early in the week but only got up to 19987. Mixed economy data from lower durable goods orders and higher home sales did not help to boost the markets as investors were hoping for either.  For the week, S&P 500 index closed at 22638, up 0.25%, Dow Jones Industrial Average gained 0.46% and technology laden NADASQ composite index increased 0.47%.

Weekly chart of S&P 500 index

S$P 500 index looks to be consolidating and forming a short term top after bouncing from the 28- week moving average since November. The index is about 5% above the support level and is due for a pause for the moving average to catch up. Technically the up trend is still intact as the index still possesses high momentum and the moving average is trending up. 

Fund Rankings Update, 12/16/2016

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 sETF model portfolio: Sell IGN, Buy IAT

As Fed raised interest rate by 0.25% and anticipated three rate hikes in 2017, stocks took a pause to digest the news.  The Fed's decision about the rate hikes indicated that the economy is strong enough but may be overheated next year by the incoming administration's pro business policies. For the week, S&P 500 index closed at 2258, down 0.06%, Dow Jones Industrial Average gained 0.44% and technology laden NADASQ composite index decreased 0.13%.

Weekly chart of S&P 500 index

With sETF model portfolio changes its position from IGN to IAT, we have all our ranking model portfolios heavily weighted to finance sectors or small cap funds, which is consistent with the market trend. The technical picture of the general market remains the same and we expect the rally to continue.

Fund Rankings Update, 12/09/2016

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.

After a pause last week, stocks continued to march higher with all major indices setting record high. Positive economy data in factory orders and service sector activities together with expectation of pro-business policy from new administration are the major driving factor for this rally. For the week, S&P 500 index closed at 2191, up 3.08%, Dow Jones Industrial Average gained 3.06% and technology laden NASDAQ composite index increased 3.59%.

Weekly chart of S&P 500 index

S&P 500 index broke above the previous high of 2193 two weeks ago, went back down and successfully test it last week as seen from its weekly chart. With the test behind its back, we expect the index to continue marching higher for another few weeks. Small caps, Finance, and Energy related sectors are the favorite sectors in this rally.  

Fund Rankings Update, 12/2/2016

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 HSA model portfolio: Sell FKASX, Buy NSVAX
Trading signal occurs in SELECT model portfolio: Sell FSELX, Buy FSRBX
Trading signal occurs in iETF model portfolio: Sell EWZ, Buy EWO

Stocks took a breather after three consecutive weekly gain. Solid economy data in personal income, construction spending and manufacturing activities yielded to profit taking by traders. Heavy sector rotation was also observed as investors moved out of health care, technology and utility related sectors while moving into finance, energy and material sectors.  For the week, S&P 500 index closed at 2191, down 0.97%, Dow Jones Industrial Average gained 0.1% and technology laden NASDAQ composite index decreased 2.65%.

Weekly chart of S&P 500 index

After reaching record high, S&P 500 index took a break this week. Up trend appears to be intact as it still traded above the moving average with high momentum. While the general market is trending upward, sector rotation were very active in the past few weeks due to expectation of policy change after the election. Three trading signals were issued this week in HSA, SELECT, and iETF to switch to finance and small cap related funds. Together with the trading signals two weeks ago, we have changed the holdings in six out of our seven rankings model portfolios. The rankings in the next three weeks may not be quite accurate as mutual funds usually distribute their year end dividends during this period of time and distorted the rankings. We will try t keep the data as accurate as possible.  

Fund Rankings Update, 11/25/2016

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 went up for the third week with all the major indices making record highs during this short trading week. S&P 500 index closed at 2213, up 1.44%, Dow Jones Industrial Average gained 1.51% and technology laden NASDAQ composite index increased 1.45% for the week.

Weekly chart of S&P 500 index

As S&P 500 index broke above its previous high of 2193, we can comfortably say that the rally will keep going for another few weeks and the market is heading higher. On the sector front, finance related sectors led the way again, while small cap stocks out performed the large caps. 

Fund Rankings Updae, 11/18/2016

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 FOCPX, Buy FGRIX
Trading signal occurs in ETF model portfolio: Sell ILF, Buy IYG
Trading signal occurs RSP model portfolio: Sell 42625, Buy 05087

Stocks built on the momentum continued to march higher for the second week with small cap tockes leading the way. Positive economic data for October retail sales and housing starts also help to sustain the rally. However, the strength of economy also raises the likelihood of a December rate hike.  For the week S&P 500 index closed at 2181, up 0.81%, Dow Jones Industrial Average gained 0.116% and technology laden NASDAQ composite index increased 1.61%.

Weekly chart of S&P 500 index

Investors foresee economic policy changes as Republican gaining control of the White House, and both congressional houses after the election, and change their portfolio allocations accordingly. In the "SECLECT" and "sETF" ranking tables, we can see the banking sector fund and finance related selector funds gaining momentum and rising up fast in the rankings tables. For general growth markets funds, small cap funds are leading the way while emerging market funds are lagging behind.

S&P 500 index has managed to sustain the rally for the second week and its momentum indicator is raising as shown in the weekly chart above. We will wait for S&P 500 to break it previous high of 2193 to call the continuation of the rally. 

Fund Rankings Update, 11/11/2016

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 rallied after surprise win of Donald Trump for US presidential election and republican taking the control of both Senate and House. Dow Jones Industrial average initially tanked more than 800 points before the opening on the prospect of Donald Trump's presidency but recovered and started to rally as the reality set in and investors re-evaluated the pro-business stance of the Republican party.    For the week S&P 500 index closed at 2164, up 3.8%, Dow Jones Industrial Average gained 5.36% and technology laden NASDAQ composite index increased 3.78%.

Weekly chart of S&P 500 index

As political disturbance caused great volatility in the market, S&P 500 rebounded strongly and went back above the 28 week moving average support level. We will give this rally a couple of weeks to see if the rebound is robust.

Fund Rankings Update, 11/4/2016

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.

Stock markets went down for consecutive nine days, the longest loosing streak in 14 years. Positive economy data raised the chance for a December rate hike, and uncertainty surrounding the presidential election were the two major factors for this decline.   For the week S&P 500 index closed at 20856, down 1.949%, Dow Jones Industrial Average lost 1.59% and technology laden NASDAQ composite index decreased 2.77%.

Weekly chart of S&P 500 index

S&P 500 index fell below its 28 week moving average in the weekly chart, eliminating its chance to rebound from it support. With this new chart action, and low momentum, the index will stay below the support for then next few weeks. The first support below is at 2050 level and the second one is at 1990.

Fund Rankings Update, 10/28/2016

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.

Weak earning reports and guidance from Apple and Amazon pulled down the technology sector and stocks markets even though US economy grew faster in third quarter than expected.  For the week S&P 500 index closed at 2126, down 0.69%, Dow Jones Industrial Average gained 0.09% while technology laden NASDAQ composite index decreased 1.28%.

Weekly chart of S&P 500 index

S&P 500 index has been struggling after reaching the high of 2190 in August. The index is trying to consolidate around 2120-2125 level which happens to where the 28 week moving average is right now. The support looks to be very strong as the index touched the support level three time in the last three weeks and rebounded each time.  If the support holds for another couple of weeks, we should see markets resume its advance. 

Fund Rankings Update, 10/21/2016

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 FEMKX model portfolio: Sell FEMKX, Buy Cash

Stocks manged to stay above the support level even as momentum headed south. Technology sectors, boosted by good earning reports, outperformed the general markets.  For the week S&P 500 index closed at 2141, up 0.38%, Dow Jones Industrial Average gained 0.04% and technology laden NASDAQ composite index increased 0.83%.

Weekly chart of S&P 500 index

Fund Rankings Update, 10/14/2016

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 HSA model portfolio: Sell NAESX, Buy FKASX

Trading signal occurs in SELECT model portfolio: Sell FSMEX, Buy FSELSX

Trading signal occurs in sETF model portfolio: Sell IHI, Buy IGN

Markets were dragged down by concern about global economy growth and bad start of earning report season with ALCOA reporting Q3 earning lower than expectation. Later in the week, bank stocks helped to support the markets with better than expected earning reports. For the week S&P 500 index closed at 2132, down 0.96%, Dow Jones Industrial Average lost 0.56% while technology laden NASDAQ composite index decreased 1.48%.

Weekly chart of S&P 500 index

After failing to break the 2175 resistance level, S&P 500 index headed lower for consecutive weeks. Its momentum indicator has fallen below the over bought zone and is heading lower. The index is trying to stay above above its 28 week moving average and support level at 2125.  More companies are reporting earning next week and we will see more volatility in stock price movement. The next support level is at 2050 if the current 2125 support can not hold.

Health care related sectors encountered a set back this week with Hillary Clinton's chance to become the next president of the United States got a boost after the second presidential debate. The effect was reflected in our sector fund rankings: In SELECT model portfolio, medical equipment sector fund, FSMEX, has fallen below rank 7 and is replaced with the number one rank fund, FSELX. In the sETF model portfolio, medical device sector fund, IHI, is replaced with networking sector fund, IGN.

Fund Rankings Update, 10/7/2016

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.

British pound plunged after British government announced the plan on Brexit negotiation. US job report missed investors' expectation but strong enough for Fed to raise interest rate by year end. Stocks pulled back under these economy concern and waiting for company earning report season to start next week.  For the week S&P 500 index closed at 2153, down 0.67%, Dow Jones Industrial Average lost 0.37% and technology laden NASDAQ composite index decreased 0.37% as well.

Weekly chart of S&P 500 index

S&P 500 index is still in a wait-and-see mode this past week. On the positive side, the index is still above its 28 week moving average and the momentum is still at the high end of the range. Markets usually incur more volatility during the earning report season, so we should see some big moves in the next few weeks.

Fund Rankings Update, 9/30/2016

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 lower but close a tad higher in search of direction. Concern about the health of Deutsche Bank weighed on markets while unexpected rise in consumer confidence helped to boost investors' sentiment.  For the week S&P 500 index closed at 2168, up 0.17%, Dow Jones Industrial Average gain 0.26% and technology laden NASDAQ composite index increased 0.12%.

Weekly chart of S&P 500 index

S&P 500 index failed to break 2175 resistance level again this week. However, its momentum index has turned upwards so there is a good chance it will break above this resistance in the coming weeks.

On Wednesday, OPEC announced production cut for oil starting in November, the first time since 2008. The announcement provide a 8.5% boost to oil prices for the week as seen ine the weekly chart below. In the weekly chart we also can see a strong resistance level at $50. $WTIC has failed to break about this level several times in the past. This time around, the momentum indicator is climbing up, the index is bouncing off the 28 week moving average so it has a good chance to break above the $50 resistance. If successful, the next level to watch for is the resistance at $60 - $62 which the index tried to hang on for 9 weeks in May and June, 2015.

Weekly chart of Light Crude Oil price

Fund Rankings Update, 9/23/2016

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.

Encouraged by Fed's decision not to raise interest rate in September and its dovish attitude toward the expected coming rate hike, stocks headed higher for the second week.  For the week S&P 500 index closed at 2164, up 1.19%, Dow Jones Industrial Average gain 0.76% while technology laden NASDAQ composite index increased 1.17%.

Weekly chart of S&P 500 index

S&P 500 index continued to rebounded from its 28 week moving average support for the second week. The index opened at 2144, reached the 2175 resistance area in mid week, and settled back down at 2165. Continuation of this rally requires a successful breaking of the 2175 resistance level.  As the first try has failed but still within striking distance, we will find out in the coming weeks the outcome of the second try. 

Fund Rankings Update, 9/16/2016

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.

Weaker retail sale and industrial production coupled with higher consumer price index eased investor's nervousness about interest rate hike in September and pushed stocks modestly higher.  For the week S&P 500 index closed at 2139, up 053%, Dow Jones Industrial Average gain 0.21% while technology laden NASDAQ composite index increased 2.31%.

Weekly chart of S&P 500 index

S&P 500 index rebounded a bit from its 28 week moving average support level as seen the weekly chart. Its STO momentum indicator has fallen out of over bought area and heading lower. The consolidating around its 28 week moving average may continue for another couple of weeks.

We have observed sector rotation in the past few weeks in the sETF and SELECT ranking tables. The energy related sectors have fallen out of favor while technology sectors have moved up the ranks. If the rotation continues, it will be reflected in our sETF and SELECT model portfolio tradings. 

Fund Rankings Update, 9/9/2016

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.

Dow Jones Industrial Average plunged more than 350 points on Friday due to jittery about interest rate hike. The one day plunge ended the flat trading for the last 7 weeks and handed stock markets the largest weekly loss since the beginning of the year. For the week S&P 500 index closed at 2127, down 2.39%, Dow Jones Industrial Average lost 2.2% and NASDAQ composite index decreased 2.36%.

Weekly chart of S&P 500 index

Instead of waiting for 28 week moving average to catch up, S&P 500 index plunged to meet the support as seen the weekly chart. Last week, we talked about S&P 500 index forming a rounded top pattern and expected consolidation phase to continue. As the index is near its support, we need to see how it reacts to the support level in the next two weeks to make judgement about its intermediate direction.

Fund Rankings Update, 9/2/2016

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 RSP model portfolio: Sell FNMIX, Buy 42625

In this light trading week before the labor day weekend, stocks managed to eked out a little gain with mixed economic data.  Consumer expending increased for the fourth month in July while job growth failed to meet expectation. For the week S&P 500 index closed at 2179, up 0.5%, Dow Jones Industrial Average gained 0.52% and NASDAQ composite index increased 0.59%.

Weekly chart of S&P 500 index

Although S&P 500 index closed higher this week, it is forming a rounded top pattern in the weekly chart. We expect the consolidation will continue as the index is waiting for the moving average to catch up.

A trading signal occurs this week in RSP model portfolio. The momentum ranking of Fidelity new market income fund, FNMIX, was pushed out of the holding threshold of 7th rank. The fund was replaced with the current #1 rank fund, SS emerging market index (42625).  We have held FNIMX for 137 days with a gain of 7.41%.

Fund Rankings Update, 8/27/2016

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.

Stock markets reacted negatively to Fed Chair Janet Yellen's remark about rate hikes in the coming months. For the week S&P 500 index closed at 21693, down 0.681%, Dow Jones Industrial Average lost 0.85% and the technology laden NASDAQ composite index decreased 0.37%.

Weekly chart of S&P 500 index

Two weeks ago, we said that S&P 500 index was in an extreme overbought condition and might start seeing some consolidation, and here we are as the index has since fallen from the high of 2193 to the low of 2160 and trying to stay above the short term support of 2160. As the momentum is still in the high gear, we expected the rally will continue after this consolidate phase.

Fund Rankings Update, 8/19/2016

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 closed almost flat for the second week looking for direction.  For the week S&P 500 index closed at 2183, down 0.01%, Dow Jones Industrial Average lost 0.13% while technology laden NASDAQ composite index increased 0.1%.

Weekly chart of S&P 500 index

Fund Rankings Update, 8/12/2016

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 FIUIX, Buy FOCPX

Stocks closed flat this week as all major indices reached their all time highs mid-week.  For the week S&P 500 index closed at 2184, up 0.05%, Dow Jones Industrial Average gained 0.18% and again technology laden NASDAQ composite index increased 0.23%.

Weekly chart of S&P 500 index

After rising four weeks since end of June, S&P 500 index has slow down its advance in the past 4 weeks since mid July. During the past 4 weeks, we have seen sector rotation in the stock markets as technology and growth funds rose to the top of our momentum ranking tables, while defensive funds such as utility and income funds went down the ladders. The switching away from defensive funds indicates that this rally may have some staying power. However, as the index is at the extreme overbought condition, the rally may experience a consolidation phase before running higher.

Fund Rankings Update, 8/5/2016

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 FSNGX, Buy FSMEX

Trading signal occurs in ETF model portfolio: Sell IGE, Buy ILF

Trading signal occurs in sETF model portfolio: Sell IGE, Buy IHI

Better than expected US job report push the markets higher. On Friday, Labor department reported that US economy added 255000 jobs in July, well above economists' estimation. The strong employment data in June and July gave investor confidence on the robustness of the economy growth.  Small cap and technology stocks continued to lead the way in this rally.  For the week S&P 500 index closed at 2152, up 0.43%, Dow Jones Industrial Average gained 0.6% and again technology laden NASDAQ composite index increased 1.14%.

Weekly chart of S&P 500 index

Weakness in oil prices which have fallen from $50 a barrel to $40 in the past one and half month has greatly reduced the momentum in the energy related funds. At the same time, technology sector funds and health care sector funds are gaining momenta due to better than expected company earnings. In the SELECT and sETF, our two sector fund portfolios, tradings signals were issues to due to this sector rotation. In SELECT, we will sell natural gas fund, FSNGX and buy medical system fund, FSMEX. In sETF model portfolio, we will sell natural resource index fund, IGE, and buy medical device index fund, IHI. In ETF model portfolio, we will replace IGE with Latin America index fund, ILF.  Detail trading records can be fund in the Trading log page. 

Weekly chart of light crude oil price

Fund Rankings Update, 7/29/2016

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.

Better than expected company earnings from Google and Amazon boosted investor sentiment but the weaker than expected second quarter GDP put a damper on the rally.  Stocks ended up mixed for the week. Small cap and technology stocks leading the way while large cap stocks were flat.  For the week S&P 500 index closed at 2173, down 0.07%, Dow Jones Industrial Average lost 0.75% while technology laden NASDAQ composite index increased 1.22%.

Weekly chart of S&P 500 index

Momentum indicator is at an extreme overbought condition in the weekly chart of S&P 500 index. After making the new high, the index failed to push higher and ended where it was at the beginning of the week. It is likely that the index will enter the consolidation phase in the next few weeks.  Weekly chart below shows that the momentum indicator of Nasdaq composite index is also at the extreme overbought condition, but the index still climbed higher this week.  It looks like Nasdaq composite index will have a few more weeks to go than S&P 500 index before entering consolidation phase.  

Weekly chart of Nasdaq Composite index

Fund Rankings Update, 7/22/2016

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.

Better than expected company earning reports continued to push stocks higher for the forth week.  For the week S&P 500 index closed at 2175, up 0.61%, Dow Jones Industrial Average gained 0.29% and the technology laden NASDAQ composite index increased 1.4%.

Weekly chart of S&P 500 index

S&P 500 index has made new high in the past consecutive weeks after breaking the resistance level at 2125. The index is more than 5% above its 28 week moving average, a consolidation phase is expected in the next few weeks so the market can digest its 9% gain since the Brexit.   

Fund Rankings Update, 07/15/2016

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.

Boosted by positive market sentiment better than expected company earning reports and encouraging economic data, stocks continued to march higher and made new high. For the week S&P 500 index closed at 2161, up 1.49%, Dow Jones Industrial Average gained 2.04% and the technology laden NASDAQ composite index increased 1.47%.

Weekly chart of S&P 500 index

S&P 500 did not look back after breaking above the strong 2125 resistance level last week. Its already strong weekly momentum is trending higher to carry the index further. The 2125 level now turns into a support level and we expect the index to come down in a few weeks to test this level. Continuation of the uptrend won't be confirmed unless the support is successfully tested.

Fund Rankings Update, 7/8/2016

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 FEMKX model portfolio: Sell Cash, Buy FEMKX.

Stocks continued post-Brexit rally with the help from better than expected job report on Friday. For the week S&P 500 index closed at 2129, up 1.28%, Dow Jones Industrial Average gained 1.1% and the technology laden NASDAQ composite index increased 1.94%.

Weekly chart of S&P 500 index

Fund Rankings Update, 7/1/2016

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.

Markets shook off panic from Brexit and recovered this week. Stocks continued to declined Monday but bounced back Tuesday, held on to the gain and headed higher. For the week S&P 500 index closed at 2102, up 3.22%, Dow Jones Industrial Average gained 3.155% and the technology laden NASDAQ composite index increased 3.28%.

Weekly chart of S&P 500 index

After the big rebound from 28 week moving average, S&P 500 index went back to the 2100 major resistance level again. The STO momentum indicator is in the neutral zone but the 28 week moving average support around 2050 looks solid. It is likely that the index will continue to trade in the range for another few weeks as it has been since April.   

Fund Rankings Update, 6/24/2016

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.

Dow Jones Industrial Average plunged more than 600 points on Friday after Britain voted 51.9% to 48.1% to leave EU. Although, it is believed that Brexit has little direct impact to US economy and will postpone the rate hike from Fed, the uncertainty about the impact to UK, EU and Global economy contribute to the sell-off.  For the week S&P 500 index closed at 2037, down 1.63%, Dow Jones Industrial Average lost 1.55% and the technology laden NASDAQ composite index decreased 1.92%.

Weekly chart of S&P 500 index

As we have said that 2100 level is a very strong resistance level, the S&P 500 index has again tested its support by falling a bit below its 28 week moving average. Next week will be a critical week to see if the index will bounce right back.

Fund Rankings Update, 6/17/2016

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 HSA model portfolio: Sell VIMSX, Buy NAESX.

Uncertainty about whether UK will exit from EU dominated the sentiment on Wall street the whole week. For the week S&P 500 index closed at 2071, down 1.19%, Dow Jones Industrial Average lost 1.06% and the technology laden NASDAQ composite index decreased 1.92%.

Weekly chart of S&P 500 index

S&P 500 index started to pull back after a reversal a week earlier. We saw the first test of the 28 week moving average during the week: the index fell to 2050 before closing at 2071. We expect the digestion to continue in the next week, but the key is to stay above the moving average for successful restest of the support.

Fund Rankings Update, 6/10/2016

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.

Confidence in US economy early in the week gave way to worries about global economic growth at the end of the week. Stocks ended up mixed with negative bias.  For the week S&P 500 index closed at 2096, down 0.15%, Dow Jones Industrial Average gained 0.33% while the technology laden NASDAQ composite index decreased 0.97%.

Weekly chart of S&P 500 index

S&P 500 index tried to break above the 2100 resistance but failed to maintain the gain and fell below the level at the end of the week. We will see if bulls or bears have the upper hand in the coming weeks.

Fund Rankings Update, 6/3/2016

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 ETF model portfolio: Sell ILF, Buy IGE.

Stocks ended up mixed with small caps and technology sectors leading the way.  For the week S&P 500 index closed at 2099, up 0.0%, Dow Jones Industrial Average lost 0.37% and the technology laden NASDAQ composite index increased 0.18%.

Weekly chart of S&P 500 index

S&P 500 index attempted but failed to break the 2100 round number resistance this week. As discussed last week, 2100 has been a strong resistance. Breaking and staying above this level is key to transform this rally into a sustainable up trend.

Fund Rankings Update, 5/27/2016

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.

Strong new home sales in April and upward revision of first quarter GDP propelled the equity markets for the second week.  Certainty about the rate hikes in the coming months indicated by Fed chair Janet Yellen also provided relief to the markets. For the week S&P 500 index closed at 2099, up 2.28%, Dow Jones Industrial Average gained 2.13% and the technology laden NASDAQ composite index increased 3.44%.

Weekly chart of S&P 500 index

 S&P 500 index bounced strongly off its 28 week moving average as seen in the weekly chart. Currently the index is at the round number resistance of 2100. Breaking above this level is key to reverse the intermediate down trend while this resistance level has been a very strong barrier for S&P index since last year. With high momentum and successful test of the support, the index looks to break the resistance in the next few weeks.