Fund Rankings Update, 5/15/2026

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 ETF model portfolio: Sell ILF, Buy IYW

Stocks finished the week flat, with the S&P 500 breaking past the historic 7,500 threshold intraweek before encountering Friday profit-taking. Geopolitical noise in the early week weighed on investor sentiments as statements regarding the US-Iran ceasefire being "on life support" briefly pushed Brent crude over $104 a barrel, prompting a temporary revival of energy inflation anxieties before commodity markets stabilized.  Economic data released this week reflected an ongoing tug-of-war between strong corporate earnings and sticky price pressures. On Tuesday, the Bureau of Labor Statistics (BLS) reported that the April Consumer Price Index (CPI) printed at 3.8% year-over-year, driven primarily by a sharp annualized spike in retail gasoline costs. However, core CPI rose a tamer 0.2% month-over-month, matching consensus estimates.  For the week, the S&P 500 gained 0.13% to close at 7408, the Dow Jones Industrial Average decreased by 0.17%, and the Nasdaq Composite finished essentially flat, lower by 0.08%.

The S&P 500 index established a new all-time high of 7,517.12 on Thursday before facing a healthy dose of technical profit-taking to close the week at 7,408.  Despite the Friday slide of 1.24%, the primary structural uptrend is completely intact. The index remains in a strong primary bullish trend, trading 7.9% above its 28-week exponential moving average.  As the index is far above its trend line, we are starting to see a high level of sideways consolidation.  The immediate overhead technical ceiling has now been defined at the 7,500–7,520 zone. A clean, high-volume weekly close above this area opens the door to target the 7,650 extension level.  The short-term support lies at the 7,200, which represents the prior key breakout junction and aligns with the 28-week EMA. 

 

The weekly chart of the S&P 500 index

Fund Rankings Update, 5/8/2026

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 closed sharply higher this week, with the S&P 500 and Nasdaq Composite hitting fresh all-time highs as a tech-led rally outweighed persistent geopolitical anxieties.  Investors have aggressively pivoted toward high-growth technology and AI-focused sectors as Q1 earnings confirmed that the massive spending on AI infrastructure is yielding tangible profit growth for cloud providers and semiconductor giants.  Economic data released this week showed the robustness of the labor market despite the high energy costs and geopolitical instability. On Friday, the Bureau of Labor Statistics (BLS) reported that the U.S. added 115,000 jobs in April, well above the consensus expectations of a 55,000 to 65,000 gain. The unemployment rate remained steady at 4.3%, meeting market forecasts. Earlier in the week, the Department of Labor reported that weekly jobless claims totaled 200,000, which, while an increase from the prior week, came in below expectations.  For the week, the S&P 500 gained 2.33% to close at 7,398, the Dow Jones Industrial Average finished essentially flat at 49,609, and the Nasdaq Composite surged 4.51%.

The S&P 500 index continued its powerful breakout this week, decisively clearing the 7,200 level and finishing just shy of the 7,400 mark. The index remains in a strong primary bullish trend, trading 8.4% above its 28-week exponential moving average.  As the index is far above its trend line, we may see a period of sideways consolidation or a minor "back-test" of previous resistance in the coming week.  The next major psychological targets are 7,450 and the 7,500 milestone. The primary support is now at the 7,200 breakout point. A failure to hold this level on a retracement would bring the 28-week EMA (currently near 6,820) back into focus. 

The weekly chart of the S&P 500 index

Fund Rankings Update, 5/1/2026

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 closed higher this week, with both the S&P 500 and Nasdaq Composite achieving fresh all-time highs as corporate earnings growth remains the dominant driver of market momentum.  Economic data released this week painted a picture of the "soft landing" scenario. On Thursday, the Department of Labor reported that initial jobless claims fell to 189,000, a significant decrease from the previous week, and on Friday, the Institute for Supply Management (ISM) reported that the Manufacturing PMI remained in expansion territory at 52.7% for April.  For the week, the S&P 500 rose 0.91% to close at 7230, the Dow Jones Industrial Average advanced 0.55%, and the Nasdaq Composite went up 1.12%.

The S&P 500 index successfully extended its upward trajectory this week, holding above the 7,200 level and confirming the strength of its recent breakout. The index remains in a strong primary bullish trend, trading 6.6% above its 28-week EMA.  The immediate technical hurdle is the 7,350 zone. A sustained move above this level could target the 7,500 psychological milestone before the summer season.  The support level from below has shifted up to the 7,200 mark. If the index experiences a short-term pullback, the previous high of currently 7000 remains the critical line in the sand for the medium-term bullish thesis.

The weekly chart of the S&P 500 index

Fund Rankings Update, 4/24/2026

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 SSPP model portfolio: Sell FICDX, Buy FOCPX

Stocks in general closed higher this week, with the S&P 500 and the Nasdaq Composite index finishing at another all-time high.  Investors' sentiment was buoyed by a "risk-on" appetite fueled by a cooling geopolitical environment and explosive earnings momentum in the semiconductor space. The formal implementation of a two-week ceasefire and the continued reopening of the Strait of Hormuz have significantly reduced the "war premium" on global trade, allowing a sharp rotation back into high-growth tech and AI infrastructure.  Economic data released this week showed that the U.S. economy may have been stronger than previously expected as U.S. retail sales jumped 1.7% in March, the strongest monthly increase since 2023, and the readings for February and January were also revised higher.  For the week, the S&P 500 rose 0.55% to close at 7165, the Dow Jones Industrial Average declined 0.44%, and the Nasdaq Composite went up 1.5%.

The S&P 500 index successfully consolidated its breakout above the 7,000 level this week, utilizing the previous resistance as a new primary support floor. The index remains in a strong primary bullish trend, trading well above its 28-week EMA.  However, the rapid 12% ascent from the March lows has pushed the index 6% above its trendline in a short period of time, indicating that the market is entering overbought territory and may require a period of sideways consolidation to work off the excess momentum. The immediate upside target is still the 7,200 extension level, and the primary support is now firmly established at 7,000.

The weekly chart of the S&P 500 index

Fund Rankings Update, 4/17/2026

 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 closed significantly higher this week, with the S&P 500 achieving a historic milestone by closing above the 7,000 mark for the first time. The rally was fueled by better-than-expected Q1 earnings from major financial institutions and semiconductors, alongside growing optimism that the geopolitical conflict in the Middle East may be approaching a diplomatic de-escalation. While the U.S. implemented a strategic naval blockade on Monday, the market focused on the resilience of corporate profits. On Thursday, TSMC (TSM) reported a stellar 35.1% year-over-year revenue increase, indicating the robustness in AI hardware demands.  Economic data released this week supported the "soft landing" narrative despite some inflationary friction. On Tuesday, the Bureau of Labor Statistics (BLS) reported that the Producer Price Index (PPI) for March rose 0.5%, indicating some "stickiness" in wholesale prices. However, investors looked past this headline, encouraged by Thursday’s weekly jobless claims, which remained steady at 207,000, down from the prior week’s revised reading of 218,000, confirming that the labor market has not yet been significantly dampened by the recent energy shock.  For the week, the S&P 500 jumped 4.54% to close at 7126, the Dow Jones Industrial Average increased 3.19%, and the Nasdaq Composite shot up 6.84%.

The S&P 500 index completed a decisive breakout this week, clearing the 7,000 psychological and technical resistance on high relative volume. This move effectively confirms the "V-shaped" recovery from the March lows and puts the index back into a primary bullish trend. The index is now trading well above its 28-week EMA.  The next price target is 7200, while the immediate support down below is the 7000 level, which flipped from resistance to support.  A successful "back-test" of this level would provide a high-conviction entry point for those who missed the initial leg of this rally. The secondary support sits at the 28-week EMA of 6712.

The weekly chart of the S&P 500 index

Fund Rankings Update, 4/10/2026

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 FEMKX timing system: Sell Cash, Buy FEMKX

Stocks closed sharply higher for the second week as geopolitical tensions in the Middle East showed the first tangible signs of de-escalation. While early-week trading remained choppy, reports of a two-week ceasefire framework and continued negotiations sparked a massive relief rally later in the week. Economic data released this week also provided a much-needed "goldilocks" signal; on Friday, the Bureau of Labor Statistics (BLS) reported that March inflation came in largely in line with expectations. While consumer prices rose at their fastest pace in nearly four years—driven primarily by the lagged effects of the energy surge—the core readings suggested that underlying inflation remains on a cooling trajectory.  The labor market also showed signs of stabilization after the volatility seen in February. While Federal Reserve officials maintained a "wait-and-see" approach regarding interest rate cuts, the market interpreted the cooling core inflation data as a sign that the Fed’s "soft landing" remains achievable despite recent shocks. For the week, the S&P 500 rose 3.54% to close at 6,816, the Dow Jones Industrial Average increased 3.04%, and the Nasdaq Composite jumped 4.68%.

The S&P 500 index underwent a dramatic technical reversal in the last two weeks, erasing the bearish breakdown seen in mid-March. By closing at 6,816, the index decisively reclaimed its 28-week EMA (6682).  This "V-shaped" recovery suggests that the late-March lows in the 6,300s may have marked a meaningful bottom, though the index remains in a broader consolidation pattern. To signal the resumption of the upward trajectory, the index has to close above the 7000 psychological resistance, while the 28-week EMA has now turned from resistance to support. 

The weekly chart of the S&P 500 index

Fund Rankings Update, 4/3/2026

Fund rankings are not available this week due to my travel. 

Fund Rankings Update, 3/27/2026

 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 RSP model portfolio: Sell 05084, Buy 42635

Trading signal occurs in SELECT model portfolio: Sell FSELX, Buy FSENX

Stocks closed sharply lower this week, marking the fifth consecutive losing streak for the major averages—the worst such stretch since the onset of the current geopolitical conflict. Anxiety regarding the disruption of global energy supplies intensified as crude oil prices continued their ascent with no clear resolution in sight for the war in the Middle East. Economic data and central bank signaling provided little relief to investors; following last week’s FOMC decision to hold rates steady, a growing consensus emerged this week that the Federal Reserve may only deliver a single interest rate cut in 2026. This "higher-for-longer" outlook, coupled with the Bureau of Economic Analysis (BEA) confirming Q4 2025 GDP growth of just 1.4%, has reignited fears of a stagflation environment. For the week, the S&P 500 fell 2.12% to close at 6,368, the Dow Jones Industrial Average decreased 0.9%, and the Nasdaq Composite dropped 3.23%.

The S&P 500 index underwent a significant technical breakdown this week, trading 5% below its 28-week Exponential Moving Average. By closing at 6,368.85, the index has moved into a "bearish phase," characterized by a persistent pattern of lower highs and lower lows. The index is now trading well below all its major short- and medium-term EMAs, suggesting that the path of least resistance remains to the downside. The index is currently testing the 6,365 support zone, which represents the lows seen last September. If this level fails to hold on high volume, the next significant support floor sits near the 6,100 level, the lows from last summer.

The weekly chart of the S&P 500 index

 

Fund Rankings Update, 3/20/2026

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 closed lower for the fourth consecutive week due to geopolitical tensions in the Middle East and resulting high oil prices.  The Federal Reserve held the interest rate unchanged after concluding its policy meeting on Wednesday while expressing its concern about the energy shock that will cause trouble for inflation expectations.  In addition, the producer price index (PPI) reported by the Bureau of Labor Statistics (BLS) rose 0.7% in February, up from 0.5% in January indicating the sticky inflation situation.  For the week, the S&P 500 fell 1.90% to close at 6,506, the Dow Jones Industrial Average dropped 2.11%, and the Nasdaq Composite decreased 2.07%.

The S&P 500 index accelerated its downward slide this week after closing below its 28-week EMA last week, and its weekly momentum indicator sits firmly in the oversold region. By closing at 6,506, the index is now trading well below the critical 200-day EMA, which currently stands at 6594.  The negative bias remains firmly in place as the index continues to display lower highs and lower lows behavior on the weekly chart. To stabilize the current decline, the index must first hold the 6,500 psychological support level and reclaim the 6,600 200-day EMA level.  If the index fails to hold the 6500 level, it may accelerate its downward spiral toward the 6100 level, which represents the previous high reached in February last year. 

The weekly chart of the S&P 500 index

 

Fund Rankings Update, 3/13/2026

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 SSPP model portfolio: Sell FDSCX, Buy FICDX

Stocks closed lower for the third consecutive week as investors grappled with geopolitical friction and stubbornly firm inflation data.  Anxiety regarding the ongoing conflict in the Middle East and its impact on the Strait of Hormuz pushed oil prices toward the $100 mark and weighed heavily on sentiment. While a late-week stabilization effort on Friday helped the market claw back some of Thursday's steep losses, the general mood remains prevailingly negative. Economic data released this week added to the defensive tone. On Wednesday, the Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose 0.3% in February, with the annual rate holding at 2.4%. While not a "hot" print, the stickiness in shelter and service costs—coupled with a 0.5% jump in the Producer Price Index (PPI)—suggests that the "last mile" of inflation remains a challenge for the Federal Reserve.  The labor market also continues to show signs of cooling from its 2025 highs. Following last week’s disappointing payroll contraction, weekly jobless claims released on Thursday came in at 212,000, indicating a steadying but less robust employment environment. For the week, the S&P 500 fell 1.60% to close at 6,632, the Dow Jones Industrial Average dropped 1.99%, and the Nasdaq Composite decreased 1.26% as high-growth tech remained sensitive to rising Treasury yields.

The S&P 500 index continued its downward trajectory this week, decisively breaking below the 28-Week EMA and 6,700 level before finding a temporary floor at 6,632. The overall trend has turned bearish, with the immediate support sitting at the 6600 psychological mark, which aligns with the 200-day moving average.  A failure to hold this "line in the sand" would open the door for a deeper correction toward the 6,450 level.  To shift the current negative bias, the index needs to reclaim the 6,800 level.  A close back above the 20-day EMA is essential to signal a potential trend reversal.

The weekly chart of the S&P 500 index

Fund Rankings Update, 3/6/2026

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 FEMKX timing system: Sell FEMKX, Buy Cash

Stocks closed sharply lower this week as geopolitical instability and disappointing labor data sent investors fleeing from risk assets. Anxiety regarding an escalating conflict in the Middle East and its impact on global energy supplies dominated sentiment early in the week. However, the primary catalyst for Friday's sell-off was a shocking February jobs report from the Bureau of Labor Statistics (BLS), which revealed the US economy shed 92,000 jobs—far missing expectations of a 59,000-job gain. The unemployment rate edged up to 4.4%, while previous months' data saw downward revisions. This cooling of the labor market overshadowed earlier resilience and led to a broad-based retreat across nearly all sectors. For the week, the S&P 500 fell 2.02% to close at 6,740.02, the Dow Jones Industrial Average dropped 3.01%, and the Nasdaq Composite decreased 1.24% as the "AI trade" faced renewed scrutiny.

The S&P 500's technical structure has weakened significantly this week as the index failed to hold the critical 6800 support level.  By closing at 6,740.02, the index finished below its 100-day EMA for the first time in over three months, signaling a potentially significant shift in the medium-term trend.  If the index can not successfully defend its 28-week EMA at 6720, it may accelerate its downfall to retest  the 200-day moving average at 6500.   

The weekly chart of the S&P 500 index

Fund Rankings Update, 2/27/2026

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 closed mostly lower this week as a sharp rotation out of high-growth technology weighed on investor sentiment. While the Dow Jones Industrial Average managed to eke out a marginal gain, the broader market struggled with renewed anxiety regarding the "disrupted nature" of AI and its potential to undercut the profitability of legacy software and cybersecurity firms. Economic data released this week painted a picture of a cooling, yet stable, economy. On Thursday, the Labor Department reported that weekly jobless claims totaled 212,000, slightly above the previous week’s revised level but still indicative of labor market resilience.  Inflation data, however, provided a mixed signal; while January’s CPI had previously shown signs of cooling, recent wholesale data suggests price pressures remain "sticky" in certain service sectors as PPI and core PPI went up significantly higher last month. For the week, the S&P 500 fell 0.45% to close at 6,878.41, the Dow Jones Industrial Average finished essentially flat with a 0.03% gain, and the Nasdaq Composite bore the brunt of the tech sell-off, decreasing 0.9%.

The S&P 500 index returned to its sideways consolidation pattern this week, failing to hold the gains seen in the previous session and slipping back below the 6,900 level. The index is currently trapped within a 6800 -7000 channel. To regain upward momentum, the index must decisively close above the 7000 psychological resistance level and the 20-day EMA.  A failure to break this level may lead to prolonged range-bound trading. On the other hand, the 6,800 level continues to act as the floor. A breakdown below this support—and specifically a close under the 100-day EMA—could trigger a deeper corrective move toward the 6,700 or even 6,500 measured move targets. 

The weekly chart of the S&P 500 index

Fund Rankings Update, 2/20/2026

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 closed higher this week as major indices regained their footing following a volatile start to the year. While anxiety about AI spending lingers, a landmark Supreme Court ruling on Friday striking down Trump's tariffs sparked a significant relief rally, particularly for e-commerce and retail sectors. Economic data released this week reflected a cooling trajectory for growth; the Bureau of Economic Analysis (BEA) reported on Friday that Q4 2025 GDP grew at an annualized rate of 1.4%, down from 4.4% in the previous quarter and well below the consensus estimate of 2.8%, largely due to the impact of last year’s government shutdown.  However, the labor market and inflation continue to show signs of a "soft landing." On Thursday, the Department of Labor reported that initial jobless claims fell to 206,000, beating expectations. This follows the January data, where the US added 130,000 jobs, maintaining an unemployment rate of 4.3%. Inflation also continues its steady descent; the latest CPI data shows a 2.4% year-over-year increase, down from 2.7% in December.  For the week, the S&P 500 went up 1.39% to close at 6909, the Dow Jones Industrial Average rose 0.25%, and the Nasdaq Composite index increased 1.51%.

The S&P 500 index successfully broke out of its negative bias this week, moving back toward the upper end of the 6800–7000 trading channel. By closing at 6,909, the index has reclaimed its 20-day and 10-day EMAs, signaling a shift in short-term momentum.  However, to resume its upward trajectory, the index has to close above the 7000 resistance. On the downside, if it fails to hold the 6800 support zone, we may see a further test of the 6700 psychological and 28-week EMA support level.

The weekly chart of the S&P 500 index

Fund Rankings Update, 2/13/2026

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 RSP model portfolio: Sell FDGRX, Buy 05084

Stocks closed lower with small caps outperforming the general market. Anxiety about the disrupted nature of AI weighed on investors' sentiments, which led to a sharp rotation out of high-growth tech sectors.  Economic data released this week showed the resilience of US economic growth with cooling inflation. On Wednesday, the Bureau of Labor Statistics (BLS) reported that the US added 130,000 jobs in January, significantly above expectations. The unemployment rate also declined to 4.3% from 4.4% in December.  On Friday, the BLS also reported that the consumer price index (CPI) rose 0.2% month over month and 2.4% year over year in January, below consensus estimates and down from December’s readings of 0.3% and 2.7%, respectively.  For the week, the S&P 500 went down 1.39% to close at 6836, the Dow Jones Industrial Average fell 1.23%, and the Nasdaq Composite index decreased 2.1%.

The S&P 500 index continued its sideways movement with negative bias, trading in the lower end of the 6800-7000 trading channel. The index has successfully tested its 100-day EMA again this week. To resume the upward trajectory, the index has to close above its 20-day and 10-day EMAs and ultimately above its 7000 resistance. However, if it fails to hold the 6800 support zone, we may see a further test of the 6700 psychological level.

The weekly chart of the S&P 500 index

Fund Rankings Update, 2/6/2026

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 ETF model portfolio: Sell IBB, Buy ILF

Trading signal occurs in sETF model portfolio: Sell IBB, Buy IEZ

Stocks experienced significant volatility this week as investors rotated out of the tech sectors and moved into cyclical and value-oriented segments. Concerns about overinvestment in AI and the returns on AI investments weighed heavily on investor sentiment.  Economic data released this week painted a mixed picture of the US economy. Private sector employment (ADP) grew by only 22,000 in January, missing forecasts, and U.S. job openings fell to their lowest level since late 2020. On the contrary, manufacturing activity expanded at its highest level since 2022 (ISM PMI hit 52.6), marking the first expansion in a year.  For the week, the S&P 500 edged down 0.1% to close at 6932, the Dow Jones Industrial Average shot up 2.5%, while the Nasdaq Composite index fell 1.84%.

The S&P 500 continued its sideways movement for another week with larger volatility. The index experienced severe rejection at the 7000 level at the beginning of the week and plunged to its 100-day EMA at around 6780 before rebounding back above its 20-day and 10-day EMAs.  If the index can hold above the 10-day and 20-day EMAs after this quick recovery, there is a great chance that it will resume its broader upward trajectory.

The weekly chart of the S&P 500 index

 

Fund Rankings Update, 1/30/2026

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 closed the week mixed, with the S&P 500 briefly reaching the 7000 mark on Wednesday.  Tech sectors saw significant stock price volatility after earnings reports from Meta, Microsoft, Tesla, and Apple. Meta stock surged nearly 10% after strong earnings and positive guidance won over investors' approval of its aggressive AI investments.  On the other hand, Microsoft plunged more than 10% after earnings as it experienced a slowdown in its cloud division.   On the macro front, the Federal Reserve opted to hold interest rates steady. Notably, policymakers indicated they do not currently view the existing rate levels as "restrictive," suggesting a cautious but not yet aggressive approach to future cuts.  For the week, the S&P 500 rose 0.34% to close at 6939, the Dow Jones Industrial Average decreased 0.42%, and the Nasdaq Composite index edged down 0.17%.

The S&P 500 continued its sideways trend this week, characterized by a brief foray to the 7000 milestone before a quick rejection sent it back into its current range. The technical outlook remains optimistic. The index has maintained strong upward momentum, trading above its 28-week exponential moving average (EMA), and the "sideways" movement is being viewed as a healthy consolidation phase.  Following this period of stabilization, the index is well-positioned to resume its broader upward trajectory.

The weekly chart of the S&P 500 index

Fund Rankings Update, 1/23/2026

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.

U.S. equities finished slightly lower this week following a period of geopolitical volatility.  Markets opened sharply lower on Tuesday after President Trump threatened new tariffs on European nations regarding Greenland. However, indices recovered much of their losses midweek after the President and NATO Secretary General Mark Rutte agreed on a framework for future negotiations, easing trade concerns.  On the economic front, growth remains robust. The BEA’s reported data show real GDP grew at an annual rate of 4.4%, slightly outpacing initial estimates. Inflation remains a focal point, with the November core PCE price index holding steady at a 0.2% monthly increase (2.8% year-over-year).   For the week, the S&P 500 fell 0.35% to close at 6915, the Dow Jones Industrial Average decreased 0.53%, and the Nasdaq Composite index edged down 0.06%.

The S&P 500 continued its sideways consolidation in this holiday-shortened week. The index first dropped to a weekly low near 6,796 following geopolitical tensions regarding Greenland and potential European tariffs.  However, it displayed significant resilience, rallying in the latter half of the week after tensions eased, ultimately stabilizing to finish at 6,915 on Friday.  Our technical view of the index remains positive. The healthy consolidation will be the catalyst for the index to begin its next leg toward the 7,200 target.

The weekly chart of the S&P 500 index

Fund Rankings Update, 1/16/2026

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.

U.S. equities edged lower this week, with the S&P 500 and Dow Jones Industrial Average pulling back slightly from recent record peaks. Despite the negative bias, inflation data offered a silver lining: the Bureau of Labor Statistics reported core CPI gains of 0.2% monthly and 2.6% annually, both coming in cooler than anticipated. Additionally, the housing market showed unexpected strength as mortgage rates continued to soften.  For the week, the S&P 500 fell 0.38% to close at 6940, the Dow Jones Industrial Average decreased 0.29%, and the Nasdaq Composite index went down 0.66%.

The S&P 500 moved sideways this week, finishing at 6,940—just 4 points shy of its opening. Encouragingly, the index held firm above 6,920, successfully flipping that previous resistance level into a new support. This period of healthy consolidation above 6,920 remains the primary catalyst needed for the index to begin its next leg toward the 7,200 target.

The weekly chart of the S&P 500 index

Fund Rankings Update, 1/9/2026

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 FEMKX timing system: Sell Cash, Buy FEMKX

U.S. stocks began the new year with a strong push. Small caps and value stocks outperformed large-cap growth stocks.  Economic data showed signs of cooling in the US labor market, as the December nonfarm payroll added only 50,000 jobs, less than expected.  Additionally, ADP reported that private payrolls increased by 41,000 in December, far less than the expected 47,000.  For the week, the S&P 500 advanced 1.57% to close at 6966, the Dow Jones Industrial Average rose 1.57%, and the Nasdaq Composite index jumped 1.88%.

The S&P 500 has demonstrated significant bullish strength, decisively closing at 6,966 and clearing the critical 6,920 resistance level. This breakout confirms a continuation of the prevailing uptrend as the index marches toward our price target of 7,200.

The weekly chart of the S&P 500 index

Fund Rankings Update, 1/2/2026

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.

U.S. stocks closed lower during this holiday-shortened week, with major indices generating impressed double-digit gains for 2025.   For the week, the S&P 500 fell 1.03% to close at 6858, the Dow Jones Industrial Average decreased 0.67%, and the Nasdaq Composite index slumped 1.52%.

After reaching an all-time high last week, the S&P 500 index retreated and went sideways this week.  Key levels to watch include the 6920 resistance mark—a successful breakout and hold above this level would signal continued bullish momentum. Conversely, if the index continues to soften, we expect it to test support at the 28-week EMA, currently positioned at 6575.

The weekly chart of the S&P 500 index