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 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.