Fund Rankings Update, 5/12/2017

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 HSA model portfolio: Sell BMCAX, Buy TGVAX

Boosted by Apple Computer, technology laden NASDAQ composite index outperformed other major indices for the fourth week. For the week, S&P 500 index closed at 2390, down 0.35%, Dow Jones Industrial Average lost 0.53% while NASDAQ composite index increased 0.34%.

Weekly chart of S&P 500 index

2400 appears to be a very strong resistance level for S&P 500 index. For the third week, the index has failed to close above 2400.  As the momentum indicator is still heading upward, we will give it another week to see if the index can continue the run.