YCP ETF and Mutual Fund Rankings: November 2021

Fund Rankings Update, 11/26/2021

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.

Trading signal occurs in SSPP model portfolio: Sell FDEGX, Buy FDGRX
Trading signal occurs in sETF model portfolio: Sell IGV, Buy IEO
Trading signal occurs in FEMKX timing system: Sell FEMKX, Buy Cash

Fear of new variant of new corona virus triggered a sell-off Friday with Dow Jones Industrial Average plunged more than 900 points. For this holiday shorten week, S&P 500 index went down 2.2% to 4594, Dow Jones Industrial Average lost 1.97%, and the technology laden NASDAQ composite index decreased 3.52%.

Technical picture of S&P 500 index remains the same as the index is still consolidating along the upper end of the rising channer and the index is still above its trend line. However, our FEMKX timing system issues a sell signal this week changing its holding to defensive cash position. In addition, a divergent pattern between the price and momentum indicator emerged in the weekly chart of S&P 500 index (price is making higher high while STO [15,1] is making lower high). With these new signs, it is prudent to reduce the risk exposure.

Weekly chart of S&P 500 index

Fund Rankings Update, 11/19/2021

Stocks were mostly flat for the week with growth stocks outperformed value stocks. Positive economy data in October retail sales and manufacturing activity were balanced out by fear of high inflation data and rise in covid cases in some regions. For the week, S&P 500 index went up 0.32% to 4697, Dow Jones Industrial Average lost 1.38%, while the technology laden NASDAQ composite index increased 1.24%.

Technical picture of S&P 500 index remains the same as the index is consolidating along the upper end of the rising channer.

Weekly chart of S&P 500 index

Fund Rankings Update, 11/12/2021

Major indices took a breather after 5 weeks of advance. Investor sentiment was weighed on by high inflation data released during the week but supported by the passage of the bipartisan infrastructure bill. For the week, S&P 500 index went down 0.31% to 4682, Dow Jones Industrial Average lost 0.63%, and the technology laden NASDAQ composite index decreased 0.69%.

S&P 500 index continued its upward trajectory along the upper trading channel as shown in the weekly chart below. We maintain our positive outlook that the index will continue heading higher for the coming weeks.

Weekly chart of S&P 500 index

Fund Rankings Update, 11/05/2021

Major indices continued to make record highs with tech sectors and small cap stocks leading the way. Investor sentiments were boosted by the dovish statement from the Fed after its policy meeting Wednesday and the economic data showing better than expected factory orders in September. Job report released on Friday showing US added more than 530,000 jobs in September also supported the broad advance in stocks. For the week, S&P 500 index went up 2.0% to 4697, Dow Jones Industrial Average gained 1.42%, and the technology laden NASDAQ composite index increased 3.05%.

As shown in the weekly chart, S&P 500 index has comfortably broken above its previous high and reached the upward trajectory it has formed since November 2020. With the elevated momentum, we expect the index to continue heading higher for the coming weeks.

Weekly chart of S&P 500 index