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| Weekly chart of S&P 500 index |
Fund Rankings Update, 5/25/2018
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.
Stocks edged higher in spite of uncertainty in US trade negotiation with China and presidential summit between US and North Korea. For the week, S&P 500 index closed at 2721 up 0.31%, Dow Jones Industrial Average gained 0.15% and technology laden NASDAQ composite index increased 1.08%.
Fund Rankings Update, 5/18/2018
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 iETF model portfolio: Sell EWM, Buy EWU
Positive and strong economy data in industrial production and retail sales push long term interest rate higher and heighten investors fear for rate hikes from Federal Reserve. Stock tradings were quiet with downward bias. For the week, S&P 500 index closed at 2712 down 0.54%, Dow Jones Industrial Average lost 0.47% and technology laden NASDAQ composite index decreased 0.66%.
Weekly momentum indicator of S&P 500 index continues to advance higher as seen in the weekly chart. Our view that the index is heading back its upward trend with moderate speed trajectory still remains the same.
Positive and strong economy data in industrial production and retail sales push long term interest rate higher and heighten investors fear for rate hikes from Federal Reserve. Stock tradings were quiet with downward bias. For the week, S&P 500 index closed at 2712 down 0.54%, Dow Jones Industrial Average lost 0.47% and technology laden NASDAQ composite index decreased 0.66%.
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| Weekly chart of S&P 500 index |
Weekly momentum indicator of S&P 500 index continues to advance higher as seen in the weekly chart. Our view that the index is heading back its upward trend with moderate speed trajectory still remains the same.
Fund Rankings Update, 5/11/2018
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.
Stocks advanced higher with energy sectors and financial sectors leading the way. Oil prices has risen above $70, the first time since 2014. Strong company earnings for the first quarter provides a solid support for the stock markets, and investors are encouraged by the tamed inflation data for consumer price index. For the week, S&P 500 index closed at 2727, up 2.41%, Dow Jones Industrial Average gained 2.342% and technology laden NASDAQ composite index increased 2.68%.
S&P 500 index broke its downward trend since end of January and rebounded sharply from its 28 week moving average as seen in the weekly chart. The action confirms our previous discussion that the index is completing its consolidation phase and ready to resume its uptrend. Going forwards, we see market volatility remains on the elevated states as geopolitical tension and fed tightening policy provides the fluctuation, and the growth rate of the index will be much less than the last uptrend as we are in the matured stage of economy expansion cycle harvesting all the stimulus effects in the last two years.
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| Weekly chart of S&P 500 index |
Fund Rankings Update, 5/4/2018
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 sETF model portfolio: Sell IAI, Buy IEO
Stocks began the week with a sell-off of of concern about higher interest rate and trade tension with China. However, stronger than expected quarterly earning from Apple and other technology companies boosted Nasdaq composite index. For the week, S&P 500 index closed at 2663, down 0.24%, Dow Jones Industrial Average lost 0.2% while technology laden NASDAQ composite index increased 1.26%.
It can be seen in the weekly chart that for the second week the S&P 500 index fell below 28 week moving average intra-week but ended up above the support line. Chart pattern agrees with our discussion last week that stocks are near the completion of its consolidation phase. The development of the stock market next week should provide us some clues about the direction of the S&P 500 index.
Stocks began the week with a sell-off of of concern about higher interest rate and trade tension with China. However, stronger than expected quarterly earning from Apple and other technology companies boosted Nasdaq composite index. For the week, S&P 500 index closed at 2663, down 0.24%, Dow Jones Industrial Average lost 0.2% while technology laden NASDAQ composite index increased 1.26%.
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| Weekly chart of S&P 500 index |
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