Fund Rankings Update, 6/17/2016

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 VIMSX, Buy NAESX.

Uncertainty about whether UK will exit from EU dominated the sentiment on Wall street the whole week. For the week S&P 500 index closed at 2071, down 1.19%, Dow Jones Industrial Average lost 1.06% and the technology laden NASDAQ composite index decreased 1.92%.

Weekly chart of S&P 500 index

S&P 500 index started to pull back after a reversal a week earlier. We saw the first test of the 28 week moving average during the week: the index fell to 2050 before closing at 2071. We expect the digestion to continue in the next week, but the key is to stay above the moving average for successful restest of the support.