Fund Rankings Update, 12/30/2016

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.

After failing reach the psychological resistance of DJIA 20000, stocks declined in this light trading week before the end of 2016.  For the week, S&P 500 index closed at 2238, down 1.1%, Dow Jones Industrial Average lost 0.86% and technology laden NADASQ composite index decreased 1.46%.

Weekly chart of S&P 500 index

From weekly chart, S&P 500 index is consolidating after seven weeks of advance as we have discussed in the blog last week. The index started out this year with a big plunge due to concern about global economy growth especially China. It then started to recover in February after forming a double bottom pattern. In July, the index broke above the previous high of 2130 to reach the all time high of 2193 in August. As the US presidential election getting closer, uncertainty heighten and the index pulled back and briefly dipped below the 28 week moving average in late October. After the election completed, investors looked toward a more pro-growth administration and the index resumed its rally and headed higher. For the year, S&P 500 index went up 9.5%, DJIA increased 13.4% and Nasdaq rose 7.5%. In a not so mathematical rigorous comparison, our SELECT model portfolio went up 18%, sETF increased 22%, ETF rose 9% SSPP grew 12%, RSP is up 11% and FEMKX climbed 7.7% .  Happy new year and a prosperous 2017!!

Fund Rankings Update, 12/23/2016

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 ended flat in this light trading week before the Christmas week.  Dow Jones Industrial Average made an effort to break above the psychological barrier of 20000 early in the week but only got up to 19987. Mixed economy data from lower durable goods orders and higher home sales did not help to boost the markets as investors were hoping for either.  For the week, S&P 500 index closed at 22638, up 0.25%, Dow Jones Industrial Average gained 0.46% and technology laden NADASQ composite index increased 0.47%.

Weekly chart of S&P 500 index

S$P 500 index looks to be consolidating and forming a short term top after bouncing from the 28- week moving average since November. The index is about 5% above the support level and is due for a pause for the moving average to catch up. Technically the up trend is still intact as the index still possesses high momentum and the moving average is trending up. 

Fund Rankings Update, 12/16/2016

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 sETF model portfolio: Sell IGN, Buy IAT

As Fed raised interest rate by 0.25% and anticipated three rate hikes in 2017, stocks took a pause to digest the news.  The Fed's decision about the rate hikes indicated that the economy is strong enough but may be overheated next year by the incoming administration's pro business policies. For the week, S&P 500 index closed at 2258, down 0.06%, Dow Jones Industrial Average gained 0.44% and technology laden NADASQ composite index decreased 0.13%.

Weekly chart of S&P 500 index

With sETF model portfolio changes its position from IGN to IAT, we have all our ranking model portfolios heavily weighted to finance sectors or small cap funds, which is consistent with the market trend. The technical picture of the general market remains the same and we expect the rally to continue.

Fund Rankings Update, 12/09/2016

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.

After a pause last week, stocks continued to march higher with all major indices setting record high. Positive economy data in factory orders and service sector activities together with expectation of pro-business policy from new administration are the major driving factor for this rally. For the week, S&P 500 index closed at 2191, up 3.08%, Dow Jones Industrial Average gained 3.06% and technology laden NASDAQ composite index increased 3.59%.

Weekly chart of S&P 500 index

S&P 500 index broke above the previous high of 2193 two weeks ago, went back down and successfully test it last week as seen from its weekly chart. With the test behind its back, we expect the index to continue marching higher for another few weeks. Small caps, Finance, and Energy related sectors are the favorite sectors in this rally.  

Fund Rankings Update, 12/2/2016

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 FKASX, Buy NSVAX
Trading signal occurs in SELECT model portfolio: Sell FSELX, Buy FSRBX
Trading signal occurs in iETF model portfolio: Sell EWZ, Buy EWO

Stocks took a breather after three consecutive weekly gain. Solid economy data in personal income, construction spending and manufacturing activities yielded to profit taking by traders. Heavy sector rotation was also observed as investors moved out of health care, technology and utility related sectors while moving into finance, energy and material sectors.  For the week, S&P 500 index closed at 2191, down 0.97%, Dow Jones Industrial Average gained 0.1% and technology laden NASDAQ composite index decreased 2.65%.

Weekly chart of S&P 500 index

After reaching record high, S&P 500 index took a break this week. Up trend appears to be intact as it still traded above the moving average with high momentum. While the general market is trending upward, sector rotation were very active in the past few weeks due to expectation of policy change after the election. Three trading signals were issued this week in HSA, SELECT, and iETF to switch to finance and small cap related funds. Together with the trading signals two weeks ago, we have changed the holdings in six out of our seven rankings model portfolios. The rankings in the next three weeks may not be quite accurate as mutual funds usually distribute their year end dividends during this period of time and distorted the rankings. We will try t keep the data as accurate as possible.