Fund Rankings Update, 2/8/2019

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 SSPP model portfolio: Sell Cash, Buy FRESX
Trading signal occurs in SELECT model portfolio: Sell FDRXX, Buy FBSOX
Trading signal occurs in RSP model portfolio: Sell 99327, Buy 42625

Stocks move side way with positive bias and rose for the seventh week. Strong economic data in service sector expansion push the markets higher while concern about the progress in US-China trade negotiation weighed in on the markets.  For the week, S&P 500 index closed at 2707 up 0.05%, Dow Jones Industrial Average gained 0.17% and technology laden NASDAQ composite index increased 0.47%

Weekly chart of S&P500 index

After closed above its 28 week moving average the first time last week, S&P 500 index tested the support level mid-week and stay above the moving average for the week. As the index stay above the trend line and its momentum indicator is moving higher, we think the market will resume its advance from here. 

As the stocks moving higher, our model portfolios started to take on more risk. This week, we have three trading signals occur in SSPP, SELECT, and RSP to move from defensive cash or income fund to more offensive growth type of funds. With these signals, our model portfolios are all in the long positions. We will see how these signals work out as the stock markets develop for the rest of the year.