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.

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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