Fund Rankings Update, 12/6/2019

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.

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.