Fund Rankings Update, 9/8/2017

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 were mostly lower in this short trading week, weighed by the concern for hurricane Irma and missile launch from North Korea.  For the week, S&P 500 index closed at 2461, down 0.61%, Dow Jones Industrial Average lost 0.86% and NASDAQ composite index decreased 1.17%.

Weekly chart of S&P 500 index

S&P 500 index stayed in the 2400 - 2500 range as discussed last week. The index is still above its trend line and the momentum is still in the mid-upper range. There is no change to our outlook that the index will slowly grind higher with minor redistribution.