Fund Rankings Update, 11/22/2019

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.

As markets were light on economic data and company earning reports, stocks took a breather after six week of advancing higher.  For the week, S&P 500 index closed at 3110 down 0.33%, Dow Jones Industrial Average lost 0.46% and technology laden NASDAQ composite index decreased 0.25%.

Weekly chart of S&P 500 index

As discussed last week, S&P 500 index moved side way and tried to digest its lofty again this past week. After rebounding from 2855 in late September, S&P 500 index has climbed 255 points higher. Momentum indicator of S&P 500 index is still at an elevated level and we think a pull back will be short-lived and healthy to the continuation of the up-trend.