Fund Rankings Update, 4/29/2016

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.

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

Stocks reversed the course weighed down by the softer than expected first quarter GDP and the bad quarterly earning report from tech giant Apple.  For the week S&P 500 index closed at 2065, down 1.26%, Dow Jones Industrial Average lost 1.28% and the  technology laden NASDAQ composite index decreased 2.67%.

Weekly chart of S&P 500 index

As expected, the ETF and sETF model portfolio have issued trading signals to move to energy related funds, ILF and IGE, due to the recent rally and the urge in energy funds. S&P 500 index has failed its first attempt to break the 2100 resistance in weekly chart but still stays above the 28 moving average support level. As the momentum of the S&P 500 index still stays strong, we should see the second attempt to break the resistance in a week or two.