Fund Rankings Update, 6/10/2016

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.

Confidence in US economy early in the week gave way to worries about global economic growth at the end of the week. Stocks ended up mixed with negative bias.  For the week S&P 500 index closed at 2096, down 0.15%, Dow Jones Industrial Average gained 0.33% while the technology laden NASDAQ composite index decreased 0.97%.

Weekly chart of S&P 500 index

S&P 500 index tried to break above the 2100 resistance but failed to maintain the gain and fell below the level at the end of the week. We will see if bulls or bears have the upper hand in the coming weeks.