Fund Rankings Update, 11/03/2017

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.

With favorable view on President Trump's nominee for the next Federal Reserve Chair and Apple's quarterly earnings blew past analysts' estimates, all major indices advanced to record high again.  For the week, S&P 500 index closed at 2587, up 0.26%, Dow Jones Industrial Average gained 0.45% while NASDAQ composite index increased 0.94%.

Weekly chart of S&P 500 index

Technical picture of S$P 500 index stay the same. The index is above the trend line with high momentum. The only concern is that it is too far above the trend line, which may cause short term pull back to keep the tend sustainable.