Fund Rankings Update, 10/24/2025

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.

Stocks extended their gains this week, driven by positive investor sentiment following encouraging inflation figures released on Friday.  The headline Consumer Price Index (CPI) for August registered at 3.0%, a favorable outcome that came in below the expected 3.1%.  Furthermore, the month-over-month core CPI also surprised to the downside, clocking in at 0.2% for August, which was lower than consensus estimates of 0.3%.  This tame inflation data has boosted expectations that the Federal Reserve may implement a rate cut as early as next week.  For the week, the S&P 500 advanced 1.91% to close at 6791, the Dow Jones Industrial Average went up 2.2%, and the Nasdaq Composite index rose 2.31%.

The S&P 500 has successfully recovered the losses incurred two weeks ago, closing at yet another record high. This decisive move confirms the continuation of the current rally, setting the stage for a push toward the 6900 target. With the index holding firmly above the 28-week Exponential Moving Average (EMA) and demonstrating exceptionally strong momentum, our positive outlook for the S&P 500 remains firmly intact.  

The weekly chart of the S&P 500 index

 

Fund Rankings Update, 10/17/2025

 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.

Stocks rebounded from the sell-off last Friday.  Reduced trade tension between the US and China, and dovish comments from Fed officials appeared to calm investors' anxiety.  Better-than-expected earnings reports from the banking sector also boosted market sentiment.    For the week, the S&P 500 advanced 1.7% to close at 6664, the Dow Jones Industrial Average went up 1.56%, and the Nasdaq Composite index rose 2.14%.

The S&P 500 is currently in a sideways consolidation, signaled by the weekly candle being completely engulfed by the previous week's.  The next weekly candle is critical to the index's immediate direction.  A close above this week's high confirms a continued rally toward the 6900 target, while a close below this week's low indicates a pullback to the 6400 or 6200 support levels.  However, as long as the index holds above its 28-week exponential moving average, any pullback should be viewed as a healthy, short-term pause in the uptrend.  

The weekly chart of the S&P 500 index

Fund Rankings Update, 10/10/2025

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.

Trading signal occurs in the FEMKX timing model: Sell FEMKX, Buy Cash

Stocks experienced a large decline on the last day of the week as investors were concerned about a prolonged government shutdown and escalation of the trade war after President Trump announced massive tariffs on China due to its rare earth export restrictions.  For the week, the S&P 500 fell 2.43% to close at 6552, the Dow Jones Industrial Average gave up 2.73%, and the Nasdaq Composite index dropped 2.53%.

The S&P 500 was rejected significantly at the 6750 resistance level. Its momentum indicator has exited the overbought zone and is trending lower. Failure to immediately bounce back next week suggests a potential drop to 6400 or even 6200.  However, the index remains above its 28-week exponential moving average, indicating the overall uptrend is still intact, and the pullback appears to be a short-term consolidation.

A trading signal to sell FEMKX and move to a cash position was issued this week, as the momentum indicator of the FEMKX fund price has fallen to 65.88, below the 75 selling threshold. 

The weekly chart of the S&P 500 index

The weekly chart of the FEMKX price

Fund Rankings Update, 10/3/2025

 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.

Stocks moved higher, looking past the US government shutdown after Congress was not able to reach a funding agreement. Investors believe the government shutdown increases the likelihood of a rate cut by the Fed at its policy meeting in late October.   For the week, the S&P 500 advanced 1.09% to close at 6715, the Dow Jones Industrial Average rose 1.1%, and the Nasdaq Composite index pulled ahead 1.32%.

The S&P 500 initially hit our first price target of 6750 on Friday before pulling back slightly, settling the week at 6715. This strong close confirms the rally's continuation toward our second price target of 6900. However, the index's growing divergence from its 28-week moving average suggests that caution regarding a short-term pullback is warranted.

The weekly chart of the S&P 500 index