Fund Rankings Update, 11/23/2018

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 HSA model portfolio: Sell VVIAX, Buy Cash

Sell-off in technology sectors drag down the markets for another week. For the week, S&P 500 index closed at 2632 down 3.79%, Dow Jones Industrial Average lost 4.44% and technology laden NASDAQ composite index decreased 4.26%.

Weekly chart of S&P 500 index

S&P 500 index went down to 2632 near its 2600 support level as shown in the weekly chart. Itse 28 week moving average has changed its up trend to heading downward and the index has closed below the trend line for six weeks. The index needs to find a level to build its base before turning around. 

All the holdings in our model portfolios have moved to defensive funds due to the sell off in the past few weeks. A trading signal in HSA model portfolio was issued this week to move to cash position because every AMI in the HSA ranking table is below 0. 

Fund Rankings Update, 11/16/2018

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 fell as trade tension with China came back to focus and oil prices continued to slide lower.  For the week, S&P 500 index closed at 2736 down 1.61%, Dow Jones Industrial Average lost 2.22% and technology laden NASDAQ composite index decreased 0.15%.

Weekly chart of S&P 500 index

Fund Rankings Update, 11/9/2018

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 rallied after mid-term election as investors cheers for gridlock government. However oil prices continued to slide lower making investors wondered if a global economy slowdown is on the horizon.  For the week, S&P 500 index closed at 27813 up 2.13%, Dow Jones Industrial Average gained 2.84% and technology laden NASDAQ composite index increased 0.68%.

Weekly chart of S&P 500 index

S&P 500 index has rebounded for two weeks. The index broke above its resistance mid-week but failed to stay there and ended up close the week below its 28 week moving average. With the failed attempt and weak momentum, it is likely that the index may come down to retest its support at 2600 level again. 

Fund Rankings Update, 11/02/2018

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.

Strong company earnings and better than expected job reports help the markets to recover from sharp plunge a week before. US economy added 250,000 jobs in October well above the forecast.  However, the implication of rising wages and labor shortage have made investors worry about the sustainability of economy growth. For the week, S&P 500 index closed at 2723 up 2.42%, Dow Jones Industrial Average gained 2.36% and technology laden NASDAQ composite index increased 2.65%.

Weekly chart of S&P 500 index

S&P 500 index spent another week below its 28 week moving average in the weekly chart. In the daily chart, we can observe that the index went down to a level near March-April low and rebounded to close the week below its 200 day moving average. It is very likely that the index on a daily basis  will test the low at 2600 level again, and a defensive position is a better choice during this market correction phase.