Fund Rankings Update, 12/1/2017

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.

Progress in Republican Senate's tax reform bill and strong economic data in pending home sales, and third quarter GDP offset the volatility caused from special counsel Muller's investigation where formal national security adviser Michael Flynn plead guilty in lying to FBI.  For the week, S&P 500 index closed at 2642, up 1.53%, Dow Jones Industrial Average gained 2.86% while technology laden NASDAQ composite index decreased 0.6%.

Weekly Chart of S&P 500 Index

After closing above 2600 last week, S&P 500 index plowed ahead, survived the intraweek volatility and made another new record high. With the resilience and high momentum, the index appears to resume its advance after five weeks of rest.

A large number of funds will distribute their year-end dividends, which causes distortion in momentum ranking calculations. In the next few weeks, anomalies in momentum rankings have to be manually identified and corrected so the rankings in the ranking tables may not be as robust.