Fund Rankings Update, 9/28/2019

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, as well as in  http://ycprankings.awardspace.us/RankingTables.htm.

Trading signal occurs in SSPP model portfolio: Sell FDEGX, Buy FIUIX


Stocks fell for the second week as congress started the impeachment inquiry into President Trump, and mix signals from US-China trade talk.  For the week, S&P 500 index closed at 2961 down 1.01%, Dow Jones Industrial Average lost 0.43% and technology laden NASDAQ composite index decreased 2.19%.

Weekly chart of S&P 500 index

After an indecisive week, S&P 500 index closed lower and successfully test the upper resistance of the previous trading channel at 2940. The highs of momentum indicator of S&P 500 index is getting lower and its duration above 80 is getting shorter. It is likely that we will see the index consolidates and test the 2940 level again. Below 2940, there is a trend line support at 2900 and a stronger support at 2800. We will see how the markets play out in the next few weeks.

As both political and economic uncertainty grow, defensive utility sectors outperformed other industrial sectors. A trading signal occurs in SSPP model portfolio to move its position from growth fund, FDEGX, to utility fund, FIUIX. The model portfolio has held FDEGX less than 3 months with a loss of 1.9%.