Fund Rankings Update, 2/15/2018

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.

Optimism about a trade deal between US and China moved the stocks higher for the eighth week even though the weak December retail sales data dampened the investors' mood on Friday.  For the week, S&P 500 index closed at 27757 up 2.5%, Dow Jones Industrial Average gained 3.09% and technology laden NASDAQ composite index increased 2.39%.

Weekly chart of S&P 500 index

A month ago, our FEMKX timing system turned positive, and two weeks ago, we commented that this is a "V" shape rebound (recovery) as S&P 500 index climbed above its 28 week moving average. The momentum indicator STO[15,1] of S&P 500 just crossed above 80 into the overbought region but still has room to grow while the index is firmly above its support line. We expect the upward momentum to keep the recent rally going for another few weeks.