Fund Rankings Update, 12/22/2017

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.

Republican  tax reform bill passed both senate and house and signed into law by President Trump on Friday. Stocks drifted lower after rise on Monday as expectation has been met.  For the week, S&P 500 index closed at 2683, up 0.28%, Dow Jones Industrial Average gained 0.42% while technology laden NASDAQ composite index increased 0.34%.

Weekly chart of S&P 500 index

After passing of tax reform bill and temporary spending bill, S&P 500 displayed a holding pattern looking for direction as all the good news have been out in the public. Lacking stimulating news, will investors start taking profit to dress up their year-end performance? We will find that out next week. Merry Christmas and Happy New Year!