Fund Rankings Update, 11/10/2017

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.

Major stock indices all closed the week in the negative territory ending eight weeks of winning streak as congress and senate republican unveiled details of their tax reform plans. Investors' hope for tax reform this year diminished as more details on were released with large gap between the plans making them difficult to reconcile between congress and senate republicans.  For the week, S&P 500 index closed at 2582, down 0.21%, Dow Jones Industrial Average lost 0.40% while NASDAQ composite index decreased 0.20%.

Weekly chart of S&P 500 index

S&P 500 index showed the first sign of consolidation after 8 weeks of winning streak. After reaching intra-week high near 2600, the index closed almost where it was at the beginning of the week. The pattern shows the indecision of the index at the top of the top end of it upward trading channel. It is likely that we may see it goes side way with downside bias in the next few weeks. This is consistent with our recent thesis that the index needs to digest its lofty gain if the rally is to continue. 

Fund Rankings Update, 11/03/2017

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.

With favorable view on President Trump's nominee for the next Federal Reserve Chair and Apple's quarterly earnings blew past analysts' estimates, all major indices advanced to record high again.  For the week, S&P 500 index closed at 2587, up 0.26%, Dow Jones Industrial Average gained 0.45% while NASDAQ composite index increased 0.94%.

Weekly chart of S&P 500 index

Technical picture of S$P 500 index stay the same. The index is above the trend line with high momentum. The only concern is that it is too far above the trend line, which may cause short term pull back to keep the tend sustainable.

Fund Rankings Update, 10/27/2017

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 ETF model portfolio: Sell ILF, Buy FXI.

Economic data showed 3rd quarter US GDP rose 3% better than the 2.5% expected growth and strong quarterly earning reports from Microsoft, Google and Amazon pushed the stock markets to record high again.  For the week, S&P 500 index closed at 2581, up 0.23%, Dow Jones Industrial Average gained 0.45% while NASDAQ composite index increased 1.09%.

Weekly chart of S&P 500 index

Fund Rankings Update, 10/20/2017

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.

Brighter prospect of a tax reform by the end of the year as Senate passed the budget resolution boosted major indices into another record high.  For the week, S&P 500 index closed at 2575, up 0.86%, Dow Jones Industrial Average gained 2.0% while NASDAQ composite index increased 0.35%.

Weekly chart of S&P 500 index

S&P 500 index has moved decisively higher after indecision the week before as shown in the weekly chart. The momentum indicator is at the extreme overbought region and appears to carry the index even higher. However, the speed of advance for this rally is faster than the trend line since mid August and the index is currently at 5% above its 28 week moving average. Caution is warranted as short term pull back may be quick and intense. 

Fund Rankings Update, 10/13/2017

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.

Strong economic data in employment and retail sales were balanced out by political turmoil in Washington as we enter the 3rd quarter earning season. Stocks closed mostly flat after reaching record high a week ago.  For the week, S&P 500 index closed at 2553, up 0.15%, Dow Jones Industrial Average gained 0.43% while NASDAQ composite index increased 0.24%.

Weekly chart of S&P 500 index

The momentum carries the S&P to a new high this week with a small gain. Note that an indecision Doji candle stick pattern was formed in the weekly chart this week as well. In a Doji candle stick pattern, the index reached its high and low during the week but ended up where it began at the start of the week. The Doji pattern usually indicates an oncoming price reversal as the index is trading at the top of its trading channel, which is consistent of our observation last week. 

Fund Rankings Update, 10/6/2017

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.

Better than expected economic data in manufacturing and service sectors drove the stock markets higher. All major indices reached their record high with S&P 500 index closed higher for 8 days in a row, its longest winning steak since 2013.  For the week, S&P 500 index closed at 2549, up 1.19%, Dow Jones Industrial Average gained 1.65% while NASDAQ composite index increased 1.45%.

Weekly chart of S&P 500 index

S&P 500 index continues its uptrend with high momentum. The slope of its advanced has changed to the upside which warrants some caution in the weeks ahead. We can find a similar pattern looking back at the weekly chart in February/March time frame.  At that time, the index experienced a small pulled back for 6 weeks after the index moved up a lot faster than its 28 week moving average. We will see how the market plays out this time around. 

Fund Rankings Update, 9/29/2017

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 VTRIX, Buy FKAIX.

Boosted by announcement of Republican's tax plan and rebound in technology stocks, all major indices marched higher this week. S&P 500 index closed at 2519, up 0.68%, Dow Jones Industrial Average gained 0.25% while NASDAQ composite index increased 1.07% for the week.

Weekly chart of S&P 500 index

I have updated the HSA ranking table with the current funds in HSA plan. As a results, quite a few funds were removed and new funds added. A trading signal in HSA trading log was issued to reflect the change. However, as new funds do not have enough historical price data, the rankings will need a few week to stabilize.