Fund Rankings Update, 1/24/2020

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 HSA model portfolio: Sell VVIAX, Buy MLAIX
Trading signal occurs in sETF model portfolio: Sell IBB, Buy IYW

Stocks moved lower amid investors' worriers about the decline of global travel and economic activities due to the outbreak of coronavirus in China.  For the week, S&P 500 index went down 1.03% to 3295, Dow Jones Industrial Average lost 1.22% , and the technology laden NASDAQ composite index decreased 0.79%. 

S&P 500 index pulled back a bit but is still 6.4% above its 28 week moving average. Our cautious stance on the market direction stays the same and will react quickly to market pullback. 3245 will be the first support to watch for if the market pulls back. A more severe downward consolidation will follow if S&P 500 index fails to defend the 3245 support level.

Weekly chart of S&P 500 index