Fund Rankings Update, 4/26/2019

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.

Better than expected earnings from tech companies push and stronger than expected first quarter GDP push the stocks higher.  S&P 500 index closed at 2939 up 1.2%, Dow Jones Industrial Average lost 0.06% and technology laden NASDAQ composite index increased 1.85% for the week, .

Weekly chart of S&P 500 index

After a short and indecisive trading week a week before, S&P 500 continued to advanced higher and making record high. As discussed in the previous post, we will closely watch how far the index is above its 28 week moving average from now on. S&P 500 index is currently 5.8% above its 28 week moving average. The index will always come back to its trend line, and the further it pulled away from the trend line, the fast and sever it will fall back down. The index may still thrust higher carried by its momentum but caution is warranted. 

Fund Rankings Update, 4/18/2019

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 FRESX, Buy FEMKX

Stock markets were quiet in this holiday shorten trading week .  S&P 500 index closed at 2905 down 0.08%, Dow Jones Industrial Average gained 0.56% and technology laden NASDAQ composite index increased 0.17% for the week, .

Weekly chart of S&P 500 index

Fund Rankings Update, 4/12/2019

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.

Strocks pushed up by better than expected quarterly earning from JP Morgan on Friday in this otherwise quiet trading week. Companies will start reporting first quarter earnings next week and investors expect slower earning growth compared with first quarter last year.  For the week, S&P 500 index closed at 2907 up 0.51%, Dow Jones Industrial Average lost 0.05% and technology laden NASDAQ composite index increased 0.57%.

Weekly chart of S&P 500 index

In the weekly chart above, S&P 500 index looks to be pulled away from its 28 week morning average and starts to form a parabolic move in the last two week. Looking back at the end of 2017, the parabolic move started in late November and last for 9 weeks. S&P 500 index went 10% above its 28 week moving average before crashing hard back to its moving average. We do not know if the pattern will repeat or not this time, but caution is warranted as we move forward.

Fund Rankings Update, 4/5/2019

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.

Positive economic data from US and China lifted investors optimism this past week. All major indices close the week with solid gains. For the week, S&P 500 index closed at 2892 up 2.06%, Dow Jones Industrial Average gained 1.91% and technology laden NASDAQ composite index increased 2.71%.

Weekly chart of S&P 500 index

S&P 500 index continues to march higher with high momentum as seen in the weekly chart. The solid gain last week put the index 5% above its moving average. If the index goes up too fast and too much away from its trend line, we may see sharp sell off as experienced in the past. The timing will fit the saying, Sell in May and walk away, if that occurs. With that in mind, we will closely monitor the price action in the next few weeks.