Fund Rankings Update, 2/26/2016

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 Cash, Buy FIUIX

Positive economic data outweighed fluctuating oil prices and stocks climbed higher for the second week.  For the week S&P 500 index closed at 1948, up 1.58%, Dow Jones Industrial Average gained 1.51% while technology laden NASDAQ composite index increased 1.91%.

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.