Fund Rankings Update, 12/8/2017

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.

Trading signal occurs in SELECT model portfolio: Sell FSPTX, Buy FSELX
Trading signal occurs in ETF model portfolio: Sell FXI, Buy IGM

Economy data indicate that US economy added 228,000 jobs than the expected 19500 in November and average hourly earning grew 2.5% over last year, which boosted major stock indices higher.  However, technology sectors under-performed the general markets for the second weeks while financials outperformed the markets due to potential impacts from the proposed tax bill.  For the week, S&P 500 index closed at 2651, up 0.35%, Dow Jones Industrial Average gained 0.4% while technology laden NASDAQ composite index decreased 0.11%.

Weekly chart of S&P 500 index

Market continued its sell off from last Friday but recovered mid week and ended up about where it began as shown in the weekly chart of S&P 500 index. The index is about 5.5% above its trend line and close to where we usually see the market pull back occurs. Our view about the market direction remains the same: Continue to tend up with pull back close to the trend line along the way.