Fund Rankings Update, 6/3/2016

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 ILF, Buy IGE.

Stocks ended up mixed with small caps and technology sectors leading the way.  For the week S&P 500 index closed at 2099, up 0.0%, Dow Jones Industrial Average lost 0.37% and the technology laden NASDAQ composite index increased 0.18%.

Weekly chart of S&P 500 index

S&P 500 index attempted but failed to break the 2100 round number resistance this week. As discussed last week, 2100 has been a strong resistance. Breaking and staying above this level is key to transform this rally into a sustainable up trend.