Fund Rankings Update, 2/1/2019

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 HSA model portfolio: Sell Cash, Buy VEMAX

Stocks rose for the sixth week encouraged by better than expect company earning and Fed's dovish position about rate hikes. For the week, S&P 500 index closed at 2706 up 1.57%, Dow Jones Industrial Average gained 1.32% and technology laden NASDAQ composite index increased 1.38%

Weekly chart of S&P 500 index

S&P 500 index closed above its 28 week moving average after 6 weeks of advance from its low of 2346.  As the momentum of the index is heading higher, it appears that this is not a "W" shape but a "V" shape recovery.  With the strong rebound, our model portfolios are slowly back to market. We expect all model portfolios will be out of the cash position in the next ranking report.