Fund Rankings Update, 10/25/2019

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 RSP model portfolio: Sell 42634, Buy 42626

Stocks rose for the third week with company earnings driving the market direction.  For the week, S&P 500 index closed at 3022 up 1.22%, Dow Jones Industrial Average gained 0.7% and technology laden NASDAQ composite index increased 1.9%.

Weekly chart of S&P 500 index

After three weeks of advance, S&P 500 index closed at 3022 and poised to reach record high next week. As observed in the weekly chart, the momentum indicator of S&P 500 index is moving back above 80 and heading higher. We expect the index to move higher in the next few weeks.

A trading signal occurs in the RSP ranking table due to momentum ranking change. PIMCO CORE PLUS BOND (42634) has fallen below the holding threshold in the ranking table and we will replace it with the current number one rank fund, SS WRLD DEV EXUS IDX (42626), in RSP ranking table.