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%.
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%.
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| 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.
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