Fund Rankings Update, 4/25/2025

The Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, and sETF have been posted on the "Rankings", and "Trading Logs" pages.

Major indices advanced higher as news of de-escalation of trade tension between US and China were reported, along with likely trading agreements with other countries.  President Trump's clarification of not firing Fed Chair Jerome Powell also provided support to investors' positive sentiment.   For the week, the S&P 500 jumped 4.59%, closing at 5525, the Dow Jones Industrial Average rose 2.48%, and the Nasdaq Composite shot up 6.73%.

The S&P 500 index began the week with a decline but found its footing at the round-number 5100 support level, staging a strong four-day rally. The index closed at 5525, slightly breaching the 5500 resistance mark. Should the S&P 500 maintain levels above 5500, the 28-week exponential moving average (EMA) at 5686 emerges as the next resistance. It's worth noting that the index already faced rejection once at this EMA during the week of March 24, as seen on the weekly chart. Given that the S&P 500 remains below this significant EMA, our outlook remains bearish, anticipating a potential rejection at the EMA and a subsequent retest of the previous low around 5000.  

The weekly chart of the S&P 500 index