Fund Rankings Update, 4/28/2017

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 SSPP model portfolio: Sell FDGRX, Buy FEMKX

Stocks rallied from start of the week due to outcome from French election and strong corporate earning reports. Technology laden NASDAQ composite index outperformed other major indices exceeding the 6000 threshold for the first time in 17 years. For the week, S&P 500 index closed at 2384, up 1.51%, Dow Jones Industrial Average gained 1.91% and NASDAQ composite index increased 2.322%.

Weekly chart of S&P 500 index

S&P 500 index bounced off strongly from the short term support of 2325 but failed to broke above the psychological resistance at 2400 as shown in the weekly chart. We will see if the index will break above the 2400 resistance to resume it up-trend. Momentum indicator of S&P 500 appears to be sloping down even though it perked up a bit this week. Our flat consolidation outlook remains the same until the index breaks above 2400 level. 

Fund Rankings Update, 4/21/2017

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 went lower as earning reports from Goldman Sachs' and Johnson & Johnson disappointed investors during the week. However, markets got a strong boost from Treasury Secretary Mnuchin on Thursday that the tax reform plan will be ready next week.  For the week, S&P 500 index closed at 2348, up 0.85%, Dow Jones Industrial Average gained 0.46% while the technology laden NASDAQ composite index outperformed other indices and increased 1.82%.

Weekly chart of S&P 500 index

Another week that S&P 500 index survived the short term support at 2325. The weekly highs of the past six weeks have been sloping down while the weekly lows have been above the short term support at 2325. Our market outlook stays the same as last week that the overall up-trend is still intact and the S&P 500 index is waiting for 28 week moving average to catch up.  

Fund Rankings Update, 4/14/2017

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.

Geopolitical tension on North Korea and US bombing of Afghanistan pulled the market down in this holiday shorten trading week.  For the week, S&P 500 index closed at 2328, down 1.13%, Dow Jones Industrial Average lost 0.98% and the technology laden NASDAQ composite index decreased 1.24%.

Weekly chart of S&P 500 index

S&P 500 index is touching its short term support of 2325 and waiting for 28 week moving average to catch up as we have discussed last week. Its momentum indicator is heading downward and below the overbought region. We think the consolidation will continue before the index testing the moving average. 

Fund Rankings Update, 4/7/2017

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 declined a bit this week as investors waiting for policy change from Trump administration. We saw a big reversal in action on Wednesday: Stocks started strong in the morning with DJIA went up more than 140 points, but a sell-off occurred after speaker of the house announcing that Republican is not ready for tax reform, which pulled stocks into negative territory and DJIA ended up 100 points lower than where it started.  For the week, S&P 500 index closed at 2355, down 0.3%, Dow Jones Industrial Average lost 0.03% and the technology laden NASDAQ composite index decreased 0.57%.

Weekly chart of S&P 500 index

Momentum indicator of S&P 500 has come down from extreme overbought area and still heading downward in the weekly chart. However, the decline has been small and the up-trend looks to be intact. We think this consolidation will be flat with the index waiting for 28 week moving average to catch up, similar to the consolidations in July, and October last year.

Fund Rankings Update, 3/31/2017

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 ETF model portfolio: Sell IYG, Buy EWW
Trading signal occurs in iETF model portfolio: Sell EWO, Buy INP
Trading signal occurs in RSP model portfolio: Sell 05087, Buy FDGRX

Stocks bounced back from last week's loss as investors put the health care law behind them and turned their attention to the tax policy change that's next on President Trump's agenda.  For the week, S&P 500 index closed at 2362, up 0.8%, Dow Jones Industrial Average gained 0.32% and the technology laden NASDAQ composite index increased 1.42%.

Weekly chart of S&P 500 index

S&P 500 index has come down from its high of 2400 for the fourth week and is looking for support from 28 week moving average. While major indices going through consolidation, sector rotations are in heavy swing as institutional investors re-position their portfolios for the next quarter. In the ranking tables, we have seen international, emerging market and technology funds came up strong, while banking and finance sectors faded to background. Three of our model portfolios have issued trading signals accordingly to switch positions to international funds or technology focused funds. due to these sector rotations. With these signals, all our model portfolios have been re-positioned, and we will just have to see how this new trend performs.