YCP ETF and Mutual Fund Rankings: February 2016

Fund Rankings Update, 2/26/2016

Weekly chart of S&P 500 index

S&P 500 index has bounced from the second leg of "W" bottom at 1810 to the top of the "W" at 1950 in the weekly chart. Looking up, there is a weak short term resistance channel between the trend line resistance of 1985 and a rounded number physiological resistance of 2000. As the momentum indicator of S&P 500 index looks to be heading higher, we expect the resistance to be broken and the index will go above 2000 again.

Fund Rankings Update, 2/19/2016

Weekly chart of S&P 500 index

Fund Rankings Update, 2/12/2016

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 HSA model portfolio: Sell Cash, Buy IUTIX
Trading signal occurs in ETF model portfolio: Sell IYR, Buy IDU
Trading signal occurs in sETF model portfolio: Sell ICF, Buy IDU

Stock markets, still under great influence from oil prices, went down for another week. Oil prices fell sharply Monday and drove down the general stock markets for most of the week. Rumor of production cut propped up oil prices by 11% on Friday and boosted stock prices to lessen the damage. Friday's economy data about decreasing jobless claims and better than expected retail sales in January also provided gleams of hope for investors. For the week S&P 500 index closed at 1864, down 0.81%, Dow Jones Industrial Average lost 1.34% while technology laden NASDAQ composite index decreased 0.59%.

Weekly chart of S&P 500 index

Another "Hammer" pattern showed up in the weekly chart of S&P 500 index this week. The index went down to 1810 before climbing back near 1875 level. It appears that the second leg of "W" bottom has been formed and the momentum indicator is rebounding. We should see stock markets stabilized in the next few weeks.

In addition to the charting technical, some of our model portfolios also issued trading signals to move away from cash position this week. As utility funds and income funds gaining momentum, HSA, ETF, and sETF model portfolios have issued trading signals to buy into income oriented funds.

Fund Rankings Update, 2/5/2016

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.

Lower oil prices and weakness in technology and biotech sectors drove down the stock markets. For the week S&P 500 index closed at 1880, down 3.1%, Dow Jones Industrial Average lost 1.59% while technology laden NASDAQ composite index decreased 5.44%.

Weekly chart of S&P 500 index

S&P 500 index is trying to stabilize between 1875 - 1950 trading range in the weekly chart. The index is 6% below its sliding 28 week moving average. However, we can see the momentum indicator, STO[15,1], rebounded from the low of 20 it has reached 3 weeks ago. Last week, I mentioned about the start of bottom formation. More correctly, it should be the start of consolidation process as it is difficult to call this a bottom at this stage. With the overwhelming bear sentiment, I also think this will be a long consolidation process.