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.