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 NSVAX, Buy NBRIX
Trading signal occurs in SELECT model portfolio: Sell FSRBX, Buy FSESX
Trading signal occurs in ETF model portfolio: Sell IYT, Buy IYE
Major indices declined this week with DJIA suffered the most and NASDAQ composite index yield a small loss. Federal reserve surprised the investor with a more hawkish stance in their post policy meeting Wednesday and Thursday announcement, as they see the inflation not as transitory as they originally thought and may raise interest rate sooner than anticipated. Tech and growth stocks outperformed the market with less decline wile cyclical and value stocks underperformed. For the week, S&P 500 index went down 1.91% to 4166, Dow Jones Industrial Average lost 3.45%, and the technology laden NASDAQ composite index decreased 0.28%.
S&P 500 index moved side way for another week hovering around 4200 while Nasdaq composite index tried to find its footing above 1400. The side way consolidation has improved the deviation of the S&P 500 index to its 28 week EMA from 10.8% in mid-April to 4.8% this past week. We expect the index will trending higher once the NASDAQ composite breaks its previous high of 14200 level next week.
Two trading signals were issued in the HSA and SELECT model portfolios due to the recent sector rotation. In HSA model portfolio, a sell signal for NSVAX was issued and is replaced with NBRIX. The model portfolio has held NSVAX for 182 days with a gain of 19%. In the SELECT model portfolio, FSRBX will be replaced with FSESX. As the momentum was not sustained, the FSRBX was held only for 60 days with a loss of 4%.
 |
| Weekly chart of S&P 500 index |
 |
| Weekly chart of NASDAQ composite index |
No comments:
Post a Comment