Fund Rankings Update, 8/11/2017

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.

Worrying about the escalated tension between US and North Korea, investors move to defensive position and sent the stock markets lower.  Notably, technology laden Nasdaq composite index lost 2.13% on Thursday.  For the week, S&P 500 index closed at 2441, down 1.43%, Dow Jones Industrial Average lost 1.06% and NASDAQ composite index decreased 1.5%

Weekly chart of S&P 500 index

With the down week on wall street, S&P 500 index still trading in the rising channel in the weekly chart. The index still stays above 28 week moving average and posses high momentum. Our outlook remains the same that the index will grind higher with minor redistribution along the way.