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