Fund Rankings Update, 2/23/2018

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 FEMKX timing system, Sell FEMKX, Buy Cash.

Market volatility remained in a high state as stocks experienced large daily swing.  Worries about higher interest rate pushed down the stock prices while strong economy fundamental moved the markets up.  For the week, S&P 500 index closed at 2747, up 0.55%, Dow Jones Industrial Average gained 0.36% and technology laden NASDAQ composite index increased 1.35%.

Weekly chart of S&P 500 index

S&P 500 index advanced modestly higher after closing at 28 week moving average two weeks ago. For a "W" shape recovery, the index will go back down to test the 28 week moving average at 2640. However, the index appears to go higher judging from its daily action in the past week. We should see if this a "V" shape recovery or "W" shape recovery in the next couple weeks.

As the momentum indicator has fallen below the threshold of 75 due to recent volatility, a sell signal was issued in the FEMKX timing system (detail in "Trading Logs" page) to move to cash position. We have held FEMKX for a month with a loss of 2.4%.