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.