Fund Rankings Update, 3/1/2019

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.

Stocks move up slightly with S&P 500 index advanced for the tenth week. Progress in US-China trade negotiation and stronger than expected 4th quarter US GDP growth did not substantially moved the markets upwards. For the week, S&P 500 index closed at 2803 up 0.39%, Dow Jones Industrial Average lost 0.02% and technology laden NASDAQ composite index increased 0.9% 

Weekly chart of S&P 500 index

The strong rally/rebound of S&P 500 index since mid-December 2018 seems to be hitting a resistance at 2800 level as the index digesting its 10 week gain. As the momentum is still in the over bought region and the index is only 3.5% above its 28 week moving average, it is likely that the index will either move side way or come down a bit to consolidate its gain.