Fund Rankings Update, 3/25/2016

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


Stocks took a breather after five weeks of advance. Oil prices fell as data showed unexpected increase of inventory in US. Mixed data in housing sales and Fed's comments about raising interest rate also did not help the stock markets.  For the week S&P 500 index closed at 20359, down 0.67%, Dow Jones Industrial Average lost 0.49% while technology laden NASDAQ composite index decreased 0.46%.

Weekly chart of S&P500 index

S&P 500 index is making attempt to break the 2050 resistance level. As we have discussed last week, this resistance is quite strong and we will see how the index react to it this time. 

Fund Rankings Update, 3/18/2016

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


Stocks continued to advance for the fifth week enabling major indices to recover all the loss since beginning of the year. The gains were attributed to rising oil prices and Federal Reserve's decision to reduce frequency of rate hikes this year.  For the week S&P 500 index closed at 2049, up 1.35%, Dow Jones Industrial Average gained 2.26% while technology laden NASDAQ composite index increased 0.99%.

Weekly chart of S&P 500 index

S&P 500 index closed right at 2050, the resistance level that we mentioned last week. In the rally last year, this level was a very strong support which was tested several time so we will see how the index reacts to this resistance level in the next couple of weeks. At this moment, the chart pattern looks favorable as the STO momentum indicator is still heading upwards and has not reached the overbought area. However, with the rebound going up so fast, there usually comes a consolidation period to digest the gains.

Fund Rankings Update, 3/11/2016

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

Trading signal occurs in FEMKX timing system: Sell Cash, Buy FEMKX
 
Stocks advanced for fourth weeks with the backdrop of rising oil price due to declining US supply and announcement of additional money easing action from ECB. For the week S&P 500 index closed at 2022, up 1.1%, Dow Jones Industrial Average gained 1.21% while technology laden NASDAQ composite index increased 0.67%.
 

Weekly chart of S&P 500 index

 S&P 500 index closed above 2000 this week as we have discussed 2 weeks ago. The index has broken above it 28 week moving average in the weekly chart, and its STO momentum indicator has risen above 50. The strength and the speed of this rally is very similar to the rebound rally in last October. In that rebound rally the index failed to sustain the momentum after reach the high of 2116 and yielded to the selling pressure. This time around, we will see how the index reacts around the coming resistance at 2050.  

With the strength of this rally, our FEMKX timing system which uses STO momentum indicator as buy and sell signal has issued a buy signal as its STO rose above the buying threshold of 50. FEMKX timing system has been very reliable in reflecting the direction of the the general stock markets so we are optimistic about this rally.


 

Fund Rankings Update, 3/4/2016

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

US economy added more than 240,000 jobs in February indicating that the economy continues to growth even at a slower pace. Stocks, encouraged by the economy data, climbed higher for the third week with solid gain.  For the week S&P 500 index closed at 1999, up 2.67%, Dow Jones Industrial Average gained 2.2% while technology laden NASDAQ composite index increased 2.76%.

Weekly chart of S&P 500 index

Just as we have discussed last week, S&P 500 has risen to the 2000 psychological round number resistance level. The index has closed above its 28 week moving average and the STO momentum indicator is right at the 50 mark and rising. We expect the rally to continue but may see some pull back to retest the trend line support.

Fund Rankings Update, 2/26/2016

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

Trading signal occurs in SSPP model portfolio: Sell Cash, Buy FIUIX

Positive economic data outweighed fluctuating oil prices and stocks climbed higher for the second week.  For the week S&P 500 index closed at 1948, up 1.58%, Dow Jones Industrial Average gained 1.51% while technology laden NASDAQ composite index increased 1.91%.

Weekly chart of S&P 500 index

S&P 500 index has bounced from the second leg of "W" bottom at 1810 to the top of the "W" at 1950 in the weekly chart.  Looking up, there is a weak short term resistance channel between the trend line resistance of 1985 and a rounded number physiological resistance of 2000.  As the momentum indicator of S&P 500 index looks to be heading higher, we expect the resistance to be broken and the index will go above 2000 again. 

Fund Rankings Update, 2/19/2016

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

Trading signal occurs in iETF model portfolio: Sell Cash, Buy EWM

Stocks rebounded after 2 weeks of losses as US economic data in manufacturing activity and jobless claim feeding the bounce.  For the week S&P 500 index closed at 1917, up 2.84%, Dow Jones Industrial Average gained 2.62% while technology laden NASDAQ composite index increased 3.85%.

Weekly chart of S&P 500 index

Fund Rankings Update, 2/12/2016

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

Trading signal occurs in HSA model portfolio: Sell Cash, Buy IUTIX
Trading signal occurs in ETF model portfolio: Sell IYR, Buy IDU
Trading signal occurs in sETF model portfolio: Sell ICF, Buy IDU


Stock markets, still under great influence from oil prices, went down for another week. Oil prices fell sharply Monday and drove down the general stock markets for most of the week. Rumor of production cut propped up oil prices by 11% on Friday and boosted stock prices to lessen the damage. Friday's economy data about decreasing jobless claims and better than expected retail sales in January also provided gleams of hope for investors.  For the week S&P 500 index closed at 1864, down 0.81%, Dow Jones Industrial Average lost 1.34% while technology laden NASDAQ composite index decreased 0.59%.

Weekly chart of S&P 500 index

Another "Hammer" pattern showed up in the weekly chart of S&P 500 index this week. The index went down to 1810 before climbing back near 1875 level. It appears that the second leg of "W" bottom has been formed and the momentum indicator is rebounding. We should see stock markets stabilized in the next few weeks. 

In addition to the charting technical, some of our model portfolios also issued trading signals to move away from cash position this week.  As utility funds and income funds gaining momentum, HSA, ETF, and sETF model portfolios have issued trading signals to buy into income oriented funds.