Fund Rankings Update, 1/25/2019

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 ended up flat this week after four weeks of solid gains. Concern about global economy slowdown pulled market down at the beginning of the week after International Monetary Fund revised down it forecast of global growth from 3.7% to 3.5%.  Markets recovered at the end of the week as companies reported better than expected earnings and a deal was reached between Democrats and Republicans to reopen the government for three weeks.  For the week, S&P 500 index closed at 2664 down 0.22%, Dow Jones Industrial Average gained 0.12% and technology laden NASDAQ composite index increased 0.11%

Weekly chart of S&P 500 index

Trend line resistance appears to be very strong as S&P 500 index failed to march above its 28 week moving average for the second week as observed in the weekly chart. However, the stochastic momentum indicator, STO[15,1], of S&P 500 has crossed above 50 and heading higher. The index has momentum to advance higher but bumped into strong resistance. We think the index may take a couple weeks to digest its lofty gain in the past four weeks and move higher afterwards. 

Fund Rankings Update, 1/18/2019

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 ETF model portfolio: Sell IDU, Buy ILF

Trading signal occurs in sETF model portfolio: Sell IDU, Buy JXI
Trading signal occurs in FEMKX timing model: Sell Cash, Buy FEMKX

Stocks advanced for the fourth week build on the momentum from the past few weeks. Companies started to report quarterly earnings which are better than expected so far and with positive outlook.  For the week, S&P 500 index closed at 2670 up 2.87%, Dow Jones Industrial Average gained 2.96% and technology laden NASDAQ composite index increased 2.66%

Weekly chart of S&P 500 index

S&P 500 index has recovered 50% of the 594 point loss from its September high to December low, and closed just below its 28 week moving average which is the trend line resistance. The momentum of the index has been rising and the index may break through the resistance. We will soon know if this is a "V" shape or "W" shape rebound. 

As the investor sentiment turning positive and the index is gaining momentum, we can see biotech sectors, financial sectors start to lead the momentum rankings. Notably our FEMKX timing system has issued a buy signal after staying at the side line for almost an year. The timing system has been reliable in predicting the general market trend in the past, we will see how it performs this time. 

Fund Rankings Update, 1/11/2019

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 rose for the third week as investors felt better about the progress of the trade talk with China and largely ignored the effect from government shutdown which is into its third week as well.  For the week, S&P 500 index closed at 2596 up 2.54%, Dow Jones Industrial Average gained 2.40% and technology laden NASDAQ composite index increased 3.45%

Weekly chart of S&P 500 index

S&P 500 index continued its rebound from 200 week moving average at 2350 and marching toward its first resistance at 2600 - 2650. The index closed right below the resistance and we will soon find out if it is forming a "W" shape bottom formation. The next resistance after the 2600-2650 resistance is the 28 week moving average currently at 2690. However, it may come down to 2650 level to make it even stronger. We will find out the interaction between the index and these resistance levels in the next couple weeks.

Fund Rankings Update, 1/4/2019

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 went up for the second week amidst high market volatility. Dow Jones Industrial Average has seen more than 250 points daily swing in its price movement since the beginning of the year. Decline in future supplier order activity, unexpected strong employment data, and dovish comments from Fed Chairman also boosted the market one way or the other elevating the market volatility,   For the week, S&P 500 index closed at 2531 up 1.86%, Dow Jones Industrial Average gained 1.61% and technology laden NASDAQ composite index increased 2.34%

Weekly chart of S&P 500 index

S&P 500 index advanced for the second week after rebounding from its 200 week moving average at 2350. The index looks to be forming the first leg of "W" formation. If that's the case, it may reach the 2600-2650 for the middle peak and come back down to test the support again to complete the second leg of "W". In 2016, it took the index more than two months to get back to its previous high after the second leg. This time around, we think the index will take longer to recover as the intensity of the selling and volatility is a lot higher.