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.