Fund rankings update, 9/17/2010

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.atspace.com/

Trading signal occurs in HSA model portfolio: Buy NIIAX, Sell NAHAX.

Stocks continued the September rally. The S&P 500 index closed this week at 1125 up 1.45%, the Dow Jones Industrial Average increased 1.39%, and the Nasdaq composite index gained 3.26% for the week. The S&P 500 index finally breaks above the trend line this week although not by much. We shall see if this rally has staying power and turn itself into a up-trend in the following weeks.

Technology sectors especially software and telecommunication are gaining momentum in the past few weeks, which propel the NASDAQ composite index to the best performance among the major indexes this week. In the international front, southeast Asia (Malysia, Singapore, Hong Kong, ..) has been the strongest region in the world for the past few weeks.

Fund rankings update, 9/10/2010

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.atspace.com/

Trading volume was low this week due to short trading week and quite a few traders have not come back from their vacations. The S&P 500 index closed this week at 1109 up 0.46%, the Dow Jones Industrial Average increased 0.14%, and the Nasdaq composite index gained 0.39% for the week. The S&P 500 index stayed below the trend line for another week. In the past 4 months, the S&P 500 index has failed to break above the trend line twice. It will be interesting to see if the index can break the trend line in the coming weeks.

Fund rankings update, 9/3/2010

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.atspace.com/

Boosted by better than expected economy news, stocks went up strongly this week. The S&P 500 index closed this week at 1104 up 3.75%, the Dow Jones Industrial Average increased 2.93%, and the Nasdaq composite index gained 3.72% for the week. In the weekly chart of S&P 500 index, the STO[15,1] momentum indicator climbed above 50 this week. However, the price is still below the trend line at 1120. We would like to see the price break above the trend line for confirmation of the intermediate up trend.

In the monthly chart of S&P 500 index, we can see the index whipsawing around the trend line for the past few months. The economy uncertainty has been reflected in the price action of the index. Unless the economy recovery picks up the steam again (which I hope it will), we may see the index stuck in the trading range for a while.

Fund rankings update, 8/27/2010

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.atspace.com/

With investors' worries about double dip recession, stocks continued their weakness this week. However, buyers stepped in Friday to close the week on a strong note. The S&P 500 index closed this week at 1064 down 0.66%, the Dow Jones Industrial Average decreased 0.62%, and the Nasdaq composite index lost 1.2% for the week.

Here is the monthly update for our FEMKX timing system. This system has timed the market pretty well in the past and hopefully it is as reliable this time. We will buy FEMKX if its slow STO[15,1] climbs above 50, hold at least for a month, and sell it if its slow STO[15,1] falls below 75. FEMKX is at $22.26, 3.9% below our phase price of $23.17. Its STO[15,1] currently stands at 75 so no action is needed.

Fund Buy On Buy@ Sell On Sell@ P/L

FEMKX 03/26/07 $25.15 08/06/07 $29.53 17.42%

FEMKX 09/10/07 $28.98 12/28/07 $33.82 16.71%

FEMKX 04/28/08 $31.73 06/13/08 $30.81 -2.90%

CASH 06/13/08 $1.00 03/27/09 $1.00 0.0%

FEMKX 03/30/09 $12.31 01/25/10 $21.96 78.4%

CASH 01/25/10 $1.00 03/15/10 $1.00 0.0%

FEMKX 03/15/10 $22.62 05/10/10 $22.37 -1.11%

CASH 05/10/10 $1.00 08/02/10 $1.00 0.0%

FEMKX 08/02/10 $23.17

Fund rankings update, 8/20/2010

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.atspace.com/

Bad economy news beat out strong company earning reports again this week. Investors still worried about the breakdown of the economy recovery. The S&P 500 index closed this week at 1071 down 0.7%, the Dow Jones Industrial Average decreased 0.87%, while the Nasdaq composite index gained 0.29% for the week.

Technically, the S&P 500 index has been trading in a range and has a very strong resistance at the trend line level. As we can see in the chart below, the index has failed twice to break above the trend line in the past 2 months. It will take some heavy dose of good news to boost the index above its trend line.

Fund rankings update, 8/13/2010

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.atspace.com/

The Fed had spoken and confirmed that economy recovery has decelerated in the past 3 months. Although the Fed has indicated its willingness for a more accommodating money policy to prop up the economy, the investors' worry about the economy dipping back to recession still pulled the market downward. The S&P 500 index closed this week at 1078 down 3.78%, the Dow Jones Industrial Average decreased 3.29%, and the Nasdaq composite index lost 5.0% for the week.

From the weekly chart of S&P 500 index, the index touched the trend line last week and went back down this week. The momentum (STO[15,1]) went up close to 50 but failed to climbed above the threshold this week. Both conditions need to be established for the trend to gain a stronger foothold. This year has turned out to be a difficult year for trend trading as no clear trend has emerged so far (notice the flat trend line since May!).

Fund rankings update, 8/6/2010

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.atspace.com/

Trading signal occurs in SELECT model portfolio: Sell FSLXX, Buy FSUTX

Stocks came out strong Monday due to better than expected company earning reports, but the worse than expected job report on Friday casted doubt to the economy recovery and dampened investors' enthusiasm. However, the strong momentum still carried the stocks to the up side. The S&P 500 index closed this week at 1121 up 1.82%, the Dow Jones Industrial Average increased 1.79%, and the Nasdaq composite index gained 1.5% for the week.

The monthly chart of S&P 500 index shows that the index has climbed above the trend line again after staying below it for 3 months. From the monthly chart below, a similar situation happened during 1998 when the index briefly dipped below its trend line and resumed the up trend for another 24 months. Since the index move above its trend line again, we will change our position to buy side.