Fund Rankings Update, 11/28/2025

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.

Stock markets rebounded sharply higher this holiday-shortened week, as several Fed officials' dovish comments and weak economic data raised hope for a rate cut in the Fed's December 9 meeting. Released economic data showed the September producer price index (PPI) rose 0.3%, in line with expectations, and the core PPI rose only 0.1%, better than the estimated 0.2%.  The U.S. retail sales on the other hand,  increased by 0.2% in September, down from 0.6% in August and below the estimate of 0.4%. The tame inflation data and weak sales data have increased the probability of a 0.25% rate cut in the Fed's December 9 meeting to 86%, from 70% a week earlier.  For the week, the S&P 500 jumped 3.73% higher to close at 6849, the Dow Jones Industrial Average rebounded 3.18%, and the Nasdaq Composite index shot up 4.91%.

The S&P 500 index has fully recovered from last week's losses and is now challenging its all-time record high of 6920. This level, along with the 28-week EMA support of 6450, is the two critical short-term levels to watch now. For a bullish "V" shape recovery scenario: A breakout and close above 6920 will confirm the recovery and signal the continuation of the upward trend. A preferred buying entry would be to wait for the index to break the 6920 high, then recede back to test the EMA support level or the previous swing low before resuming its climb. For a bearish scenario: A failure to break above the 6920 resistance and a subsequent drop below the key support at 6450 would signal a bearish pullback.  A downside breach of 28-week EMA would confirm a bearish pullback, which establishes the level as a good short-term selling entry.  As the momentum of the index has regained its strength, the bullish scenario remains the higher probability outcome, though caution is warranted for a potential short-term consolidation due to the overbought reading.

The weekly chart of the S&P 500 index