Fund Rankings Update, 6/5/2020

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 IUTIX, Buy MLAIX.

Trading signal occurs in iETF model portfolio: Sell Cash, Buy IOO.

Trading signal occurs in RSP model portfolio: Sell 05088, Buy FDGRX.

Sign of economy recovery boosted investor confidence as US added 2.5 million jobs in May and the jobless rate dropped from 14.7% to 13.3 % in April.  Value stocks outperformed growth stocks, and small cap stocks rose more than large cap stocks.  For the week, S&P 500 index went up 4.91% to 3193, Dow Jones Industrial Average gained 6.81% , and the technology laden NASDAQ composite index increase 3.42%. 

S&P 500 index marched higher for the third week and close 7.9% above its 28 week EMA. Even though the percentage is higher than the usual 5%-6% warning threshold,  the momentum indicator, STO[15,1], is still rising strongly below the overbought region.  We think the index will continue to advance higher but with a slower speed to digest its gain and wait for the trend line to catch up for the next few weeks.

Trading signals occurred in HSA, iETF and RSP model portfolios this week, as stocks continued their bullish run with solid gains.  All our model portfolios have moved away from cash positions and into more aggressive positions after 3 months.  

Weekly chart of S&P 500 index