Fund Rankings Update, 12/29/2017

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.

Apple's lowering its iPhone X sales target put pressure on technology sector and negatively affected general stock markets in this holiday-shorten week.  For the week, S&P 500 index closed at 2673, down 0.36%, Dow Jones Industrial Average lost 0.14% and technology laden NASDAQ composite index decreased 0.81%.

Weekly chart of S&P 500 index

Happy New Year! S&P 500 index took a break this past week after five weeks of advanced with higher speed. Looking back, stock markets have performed exceptionally well this year boosted by expectation for rebuilding of infrastructure, deregulation, and tax reform from the new administration. Now that all the favorable policies has been out of the door, the next catalysts to push stocks higher will be corporate earnings and economic data. We think the momentum will carry stocks higher in 2018 with moderate gain, and most likely, we will see more meaningful profit takings along the way.