Fund Rankings Update, 3/22/2019

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 iETF model portfolio: Sell EWZ, Buy EWH

Fear about recession pulled stock markets downward on Friday with Dow Jones Industrial Average plunging more than 450 points, the worst day since January. Federal Reserve's holding interest rate unchanged on Wednesday and reducing its forecast of rate hike to one or none this year also reinforced the view of economic slowdown.  For the week, S&P 500 index closed at 2800 down 0.77%, Dow Jones Industrial Average lost 1.34% and technology laden NASDAQ composite index decreased 0.6%.

Weekly chart of S$P 500 index

With the selloff on Friday, S&P 500 index still stays above the 2800 round number resistance it broke through 3 weeks ago. Looking down, the index is more than 2% above its 28 week moving average. After the strong rebound, stocks are looking for a moderate path to go forward. We think the index will experience short term swing but the intermediate uptrend is till intact.