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.


 

Fund Rankings Update, 5/20/2016

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 ended volatile week on a up note with technology sector and smap caps leading the way. Positive industrial output and housing start boosted the markets higher while worries about interest rate hike from the Fed pushed down the markets.  For the week S&P 500 index closed at 2052, up 0.28%, Dow Jones Industrial Average lost 0.2% and the technology laden NASDAQ composite index increased 1.1%.

Weekly chart of S&P 500 index

In the weekly chart, S&P 500 index touched the 28 week moving average and rebounded right away to keep the index above the support line. Successful test of support is key to continue the rally. We will see if the S&P 500 index can conclude the consolidating phase in the next couple of weeks to reverse the down trend or it will fall through the 28 week moving average support line and continue the down trend started in June last year.

This week a trading signal was issued from FEMKX timing system as the momentum indicator, STO, fell below the selling threshold of 75. We have held FEMKX for 67 days with a gain of 2.29%.

Fund Rankings Update, 5/13/2016

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 iETF model portfolio: Sell EWM, Buy EWZ.
 
Stocks went down for the third weeks after disappointing earning reports from major retailers, which raises worries about the health of US economy. Technically, S&P 500 index looks to be testing the support from 28 week moving average.  For the week S&P 500 index closed at 2046, down 0.51%, Dow Jones Industrial Average lost 1.16% and the technology laden NASDAQ composite index decreased 0.39%.

Weekly chart of S&P 500 index

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Fund Rankings Update, 5/6/2016

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 continued their consolidation for the second week with S&P 500 index still staying above its 28 week moving average.  For the week S&P 500 index closed at 2057, down 0.4%, Dow Jones Industrial Average lost 0.19% and the  technology laden NASDAQ composite index decreased 0.82%.

Weekly chart of S&P 500 index