Fund Rankings Update, 1/15/2016

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.

 Trading signal occurs in SELECT model portfolio: Sell FSRPX, Buy FDFAX
 Trading signal occurs in iETF model portfolio: Sell EWK, Buy Cash

Stocks continued to their slide influenced by weak economy data. Retail sales fell 0.1% in December and Oil prices fell to $30 from $35 last week.  For the week S&P 500 index closed at 1880, down 2.17%, Dow Jones Industrial Average lost 2.19% while NASDAQ composite index decreased 3.34%.

Weekly chart of S&P 500 index

 As discussed in the blog last week, S&P 500 index has fallen to the first support level of 1875. We expect to see some back and forth struggles between bulls and bears at this level.  However, with the severe downward momentum and overwhelming selling pressure, we looks to be in a longer down trend.  

Two more sell signals were issued in our model portfolios.  All the model portfolios are either in cash positions or holding defensive funds.