YCP ETF and Mutual Fund Rankings: August 2021

Fund Rankings Update, 8/27/2021

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 continued to march higher with S&P 500 index and NASDAQ composite index making record high during the week. FDA's approval of Pfizer-BioNTech COVID-19 vaccine helped boosting the sentiment of continued economy recovery. Within the markets, small cap stocks outperformed its large cap counterparts with Technology and energy stocks leading the way. For the week, S&P 500 index went up 1.52% to 4509, Dow Jones Industrial Average gained 0.96%, and the technology laden NASDAQ composite index increased 2.82%.

S&P 500 index reached another record high and closed the week at 4509 above the 4500 psychological resistance. We have predicted the slow grinding upward pattern toward 4500 in the 7/2 blog, and we believe the pattern will continued for a while supported by the economy recovery and positive company earning outlook.

Weekly chart of S&P 500 index

Fund Rankings Update, 8/20/2021

Trading signal occurs in iETF model portfolio: Sell EWZ, Buy EWL

Stocks pulled back after S&P 500 index reached the all time high on Monday. Worries about Fed's tapering of asset purchases before the end of the year weighed in on investor sentiment. Small caps and energy related sectors underperformed the the general markets with Russel 2000 index fell more than 10% from its March high. For the week, S&P 500 index went down 0.59% to 4441, Dow Jones Industrial Average lost 1.11%, and the technology laden NASDAQ composite index decreased 0.73%.

S&P 500 index reached record high of 4480 on Monday before pulling back Tuesday and Wednesday. The index then bounced off the short term support of 4375 and closed the week at 4441. In the weekly chart below, the index still maintains its slow grinding upward pattern, and we expect it to continue that way. A trading signal was issued in iETF model portfolio this week to move from energy related EWZ fund to the current number one ranked fund, EWL. EWZ was held for only a month with a loss of 7.9%.

Weekly chart of S&P 500 index

Fund Rankings Update, 8/13/2021

Stocks edged higher for another week with senate passed the 1 Trillion bipartisan infrastructure bill and soon after senate Democrats passed the 3.5 trillion budget resolution. The mild July consumer price index also calmed the investors' fear about rampant inflation. For the week, S&P 500 index went up 0.71% to 4468, Dow Jones Industrial Average gained 0.87%, while the technology laden NASDAQ composite index decreased 0.09%.

Weekly chart of S&P 500 index

Fund Rankings Update, 8/6/2021

Stocks advanced upward encouraged by positive company earning reports and employment report that US added 943K jobs in June well above expectation. For the week, S&P 500 index went up 0.94% to 4436, Dow Jones Industrial Average gained 0.78%, and the technology laden NASDAQ composite index increased 1.11%.

S&P 500 index continued its same upward trajectory with elevated momentum as shown in the weekly chart below. Our positive short term outlook of the stock market stays the same as previous few weeks.

Weekly chart of S&P 500 index