YCP ETF and Mutual Fund Rankings: December 2019

Fund Rankings Update, 12/27/2019

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.

Stocks advanced for another record close over the holiday shorten trading week. For the week, S&P 500 index closed at 3240 up 0.58%, Dow Jones Industrial Average gained 0.67% and technology laden NASDAQ composite index increased 0.91%. Note that S&P 500 index stands at 6.8% above its weekly trend line and showing parabolic ascending pattern.

Weekly chart of S&P 500 index

Fund Rankings Update, 12/20/2019

Trading signal occurs in HSA model portfolio: Sell VTRIX, Buy VVIAX
Trading signal occurs in ETF model portfolio: Sell EWJ, Buy IBB

Upward momentum carried stocks to record high as S&P 500 index stands at 6.7% above its trend line. For the week, S&P 500 index closed at 3221 up 1.65%, Dow Jones Industrial Average gained 1.14% and technology laden NASDAQ composite index increased 2.18%.

Weekly chart of S&P 500 index

Fund Rankings Update, 12/13/2019

Trading signal occurs in sETF model portfolio: Sell ITB, Buy IBB
Trading signal occurs in RSP model portfolio: Sell 42626, Buy FLPSX

News that US and China have reached a phase one trade deal even though without much detail, keep the stock markets afloat for another week. However, November retail sales went down 0.1% and worst than expected Jobless report kept the markets in check. For the week, S&P 500 index closed at 3168 up 0.73%, and Dow Jones Industrial Average and technology laden NASDAQ composite index gained 0.43% and 0.91% respectively.

Weekly chart of S&P 500 index

S&P 500 index continue to pull away from its 28 week moving average ant stands at 5.5% above the trend line. The index still possess extreme high momentum and may carry it higher till the end of the year. As the index advances higher and moves further away from its trend line, more caution is needed. History has taught us that pull back is usually much more intense and severe than moving-up as indicated by the long red candles on the chart above.

Two trading signals occurs in the model portfolios due to momentum ranking changes. With the recent surge in Bio-tech and small cap stocks, holdings in sETF and RSP model portfolios will be replaced with IBB and FLPSX.

Fund Rankings Update, 12/6/2019

Positive job reports on Friday pulled the stocks up in the otherwise down week due to negative comments about the US-China trade talk from White House. For the week, S&P 500 index closed at 3145 up 0.16%, while Dow Jones Industrial Average and technology laden NASDAQ composite index lost 0.13% and 0.1% respectively.

Weekly chart of S&P 500 index

Our technical outlook for the market remains the same. As S&P 500 index forming a topping formation with increasing volatility, we expect a short term pullback or side way movement going forward. December is also the month when funds distribute their year-end dividends which distorted the accuracy of AMI rankings. I will keep the data as updated as possible but some distortions are inevitable as dividend information for funds usually are not released before their distribution.