Fund Rankings Update, 9/22/2017

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 EWW, Buy ILF.

Without major economic news, stocks took a pause after reaching record high last week. Words from president Trump and North Korean leader Kim Jong-un failed to move the market either way.  For the week, S&P 500 index closed at 2502, up 0.08%, Dow Jones Industrial Average gained 0.36% while NASDAQ composite index decreased 0.33%.

Weekly chart of S&P 500 index

From weekly chart, S&P 500 index is still marching upwards with high momentum and trying to break above the 2500 resistance level. Technical indicators show that the trend will continue in the near future.  Among the industrial sector funds, defense sector is leading the short term race due to geopolitical tension with North Korea. On the international front, Brazil and Latin America funds have been strong recently due to recovery in oil prices. 

A trading signal was issued in ETF model portfolio as EWW (Mexico fund) falls out of the top 7 ranks in the ETF momentum ranking table and is replaced by the current number one ranked fund, ILF. We have held EWW for about 6 months with a gain of 9.3%.