Fund Rankings Update, 9/7/2018

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 EWC, Buy IOO

Uncertainty about trade talk with Canada and talk about another round of tariffs on China goods weighed on investors' sentiment. Technology sector leading the decline after executives from Facebook and Twitter testified in front of congress about information integrity.  For the week,  S&P 500 index closed at 2871 down 1.03%, Dow Jones Industrial Average lost 0.19% and technology laden NASDAQ composite index decreased 2.55%.

Weekly chart of $&P 500 index

S&P 500 index digested its gain from the past three week as seen in the weekly chart. The healthy pull back keeps the index from over extension and back to the middle of the uptrend established in late 2016. We expect the index to keep trending higher as the technical pattern of the index stay the same with high momentum and low volatility.