Fund Rankings Update, 1/28/2017

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 FEMKX timing system:, Sell Cash, Buy FEMKX

Positive earning reports from DuPont, Boeing, and hope for the fiscal stimulus policy after Trump's first week as president of United States boosted investors' sentiment. Dow Jones Industrial Average for the first time broke above the 20000 psychological barrier and hold it till the end of the week.  For the week, S&P 500 index closed at 2294, up 1.03%, Dow Jones Industrial Average gained 1.34% while technology laden NADASQ composite index increased 1.9%.

Weekly chart of S&P 500 index

After drifting for six weeks, S&P 500 index and its daily moment have turned higher this week. In the weekly chart, the index reached the new high and weekly momentum is still in the extreme elevated state. The up trend looks to be intact but caution is warranted as the index is 4.5% above it tend line and I think we are at the top end of the rising trading channel.

A trading signal occurs in FEMKX timing system, as its momentum indicator climbed above 50, the threshold for a "buy" signal, from below. After 3 months at the side line, we will see how the system performs this time around.

Fund Rankings Update, 1/20/2017

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 took a pause as government administration changing hands, and "Trump rally" stalled just before his inauguration. Positive earning reports failed to cheer the sentiment of investors as all eyes are on the policy uncertainty of the new administration.  For the week, S&P 500 index closed at 2271, down 0.15%, Dow Jones Industrial Average lost 0.29% while technology laden NADASQ composite index decreased 0.34%.

Weekly chart of S&P 500 index

S&P 500 index has been stalled for six weeks as seen on the weekly chart, waiting for the 28 week moving average to catch up. While on the daily chart, the momentum has been heading lower since late December last year. We expect the market direction to be flat with negative bias for another few weeks. 

Daily chart of S&P 500 index

Fund Rankings Update, 1/13/2017

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.

General stock markets stalled this week while technology sectors marched higher. Positive economy data on December retail sale provide a floor for the stock prices while Trump's comment on high drug prices damaged the drug and healthcare stocks.  For the week, S&P 500 index closed at 2274, down 0.1%, Dow Jones Industrial Average lost 0.39% while technology laden NADASQ composite index increased 0.96%.

Weekly chart of S&P 500 index

S&P 500 index looks to be forming a top pattern in the weekly chart with Dow Jones Industrial Average failing to break above the 20000 psychological barrier for five consecutive weeks. The momentum of the index is still in the extreme high area but starts to flatten out. As earning season is upon us and volatility will increase accordingly, caution is needed at this juncture. 

Fund Rankings update, 1/6/2017

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 started the new year with a positive advance with Dow Jones Industrial Average mounted another attempt to break above the 20000 psychological level. Positive economic data on manufacturing activities and job data also fueled expectation about higher corporate earnings in the up coming earning report season. For the week, S&P 500 index closed at 22768, up 1.7%, Dow Jones Industrial Average gained 1.02% and technology laden NADASQ composite index increased 2.56%.

Weekly chart of S&P 500 index

S&P 500 still possess high momentum and way above its 28 week moving average as observed in its weekly chart. Although the index may still climb higher for another few weeks, at some point it has to either wait for the moving average to catch up or come down to test the support. The rally in February last year took 10 weeks to get from bottom to the top, and the rally in June took 8 weeks. This rally is now 9 week old and caution is warranted.