Frund Rankings Update, 7/18/2014

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.

Stocks experienced higher volatility due to earning season and geopolitical tension in Ukraine and Gaza. Large cap stocks managed to advance while small cap stocks went down.  S&P 500 index closed at 1978, up 0.54%, Dow Jones Industrial Average gained 0.92%, and Nasdaq composite increase 0.38% for the week.   

Weekly chart shows that S&P 500 index has been flat for 3 weeks as investors digest the gain and seeking direction. However, that does not tell the whole picture of this consolidation. The large cap and mid cap companies has been holding up quite well during this consolidation, while small cap companies suffered. In the weekly chart of Russel 2000 index which represents small cap companies, the index has come down 5% from its previous high in the last two weeks.  

As for industrial sectors, other than energy sectors, technology sector is coming up strong which also boosted countries like Taiwan, Mexico and other emerging countries in the global arena.

Weekly Chart of S&P 500 Index

Weekly Chart of Russell 2000 Index

Fund Rankings Update, 7/11/2014

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.

Trading signal occurs in iETF model portfolio: Sell EWP, Buy INP

Just as we thought the financial crisis is behind us, a major bank in Portuguese failed to pay interest for some of its debt. Investors' worries about the health of European financial system pulled down the market for the week and gave the current rally an opportunity to digest its gain.  S&P 500 index closed at 1967, down 0.9%, Dow Jones Industrial Average lost 0.73%, and Nasdaq composite decrease 1.57% for the week.   

Profit taking to reduce exposure of risk before the 2000 physiological level can be seen in the weekly chart of S&P 500 index. The index is also trading at the top of its trending channel with high momentum. We may see another few weeks of consolidation, but at this stage, the pull back is considered a healthy pause to bring the index back to the middle of the trading channel.  

Weekly Chart of S&P 500 Index

Fund Rankings Update, 7/4/2014

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.


Trading signal occurs in SSPP model portfolio: Sell FRESX, Buy FICDX 
Trading signal occurs in ETF model portfolio: Sell EZA, Buy IGE 

Boosted by solid economy data and better than expected job report, stocks went up for the short trading week. S&P 500 index closed at 1985, up 1.25%, Dow Jones Industrial Average gained 1.28%, and Nasdaq composite increase 2.0% for the week.   

Energy related sectors have been very strong recently due to higher energy prices. Two trading signals were issued this week in SSPP and ETF model portfolios. In both cases,  the current holdings were replaced with energy related funds: FICDX and IGE. We have hold FRESX for 87 days with 5.2% gain and have hold EZA for 52 days with 0.35% profit. 

Stocks continue to trend up with high momentum. No one knows when the party will be over, but we will ride the trend up as long as we can with, of course, caution in mind.  Have a happy Independence Day holiday! 

Weekly Chart of S&P 500 Index

Fund Rankings Update, 6/27/2014

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.


Large cap indices retreated a bit at record high levels while technology sectors continued to advance. S&P 500 index closed at 1960, down 0.1%, Dow Jones Industrial Average lost 0.56%, while Nasdaq composite increase 0.68% for the week.   

Technical pictures for the major indices remain the same. We still expect some selling pressure as S&P 500 index and Dow Jones Industrial Average are at their record levels and the Nasdaq is at its previous high. The selling pressure looks to be in short term nature with no threat to the current up-trend.

Weekly chart of S&P 500 index

Fund Rankings Update, 6/20/2014

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.


Stocks resume its steady march this past week. S&P 500 index closed at 1962, up 1.38%, Dow Jones Industrial Average gained 1.02%, and Nasdaq composite increase 1.33% for the week.   

Although the short term pulled back to support level did not happened this past week and all Major indices advanced to new highs, S&P 500 is a couple of percentage away from its resistance of 2000 and Nasdaq is right at its resistance of 4370.  Consolidation or temporary pause is expected in the next couple of weeks. 

This week is the 10th anniversary of this blog site. The ranking posts started on June 18, 2004 with two AMI ranking tables: SSPP and SELECT, and were originally posted on Yahoo's site. Over the years, the rankings tables were expanded to include HSA, RSP, ETF, sETF and iETF. During this 10 years, we have experienced booming market between 2005 - 2008, great recession in 2008 - 2009, market recovery between 2009 - 2012, and the bull market since 2012. It even surprises me that I have not missed one week of posting. At the end, the performance of SSPP and SELECT hold up pretty well compared with the general market performance. Thanks you all for reading the posts in the past and hope you keep supporting this blog site. 

Weekly chart of S&P 500 index

S&P 500 Index: 10 Year Monthly Chart

Fund Rankings Update, 6/13/2014

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.


After three weeks of moving higher, stocks took a pause to digest their gain. Turmoil in Ukraine and Iraq weighed on investors' mind as well. S&P 500 index closed at 1936, down 0.68%, Dow Jones Industrial Average lost 0.88%, and Nasdaq composite decrease 0.25% for the week.   

For intermediate term trend, S&P 500 index is still moving upward with high momentum as shown in the weekly chart. However, in the daily chart, the index has come down from its high with decreasing momentum. It looks like S&P 500 index will test the 1900 support and resume its advancement if the test is successful. 

In the US sectors, energy related sector funds have dominated the ranking tables due to higher oil prices resulted from conflict in Iraq and Ukraine. In the global arena, India has been strong as well as Brazil which is buoyed by the world cup soccer.  

Weekly Chart of S&P 500 Index

Daily Chart of S&P 500 Index

Fund Rankings Update, 6/6/2014

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.


With European Central Bank (ECB) started to ease its money policy and good US economy data, stocks propelled to new high. S&P 500 index closed at 1949, up 1.34%, Dow Jones Industrial Average gained 1.24%, while Nasdaq composite increased 1.86% for the week.   

Stocks continue to gain momentum. S&P 500 index and Nasdaq composite are expected to advance higher. Next resistance level for S&P 500 index is the psychological barrier of 2000 and for NASDAQ, the previous high of 4370.  

Weekly Chart of S&P 500 Index

Weekly Chart of NASDAQ Composite Index