Fund Rankings Update, 5/18/2018

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 EWM, Buy EWU

Positive and strong economy data in industrial production and retail sales push long term interest rate higher and heighten investors fear for rate hikes from Federal Reserve. Stock tradings were quiet with downward bias. For the week,  S&P 500 index closed at 2712 down 0.54%, Dow Jones Industrial Average lost 0.47% and technology laden NASDAQ composite index decreased 0.66%.

Weekly chart of S&P 500 index

Weekly momentum indicator of S&P 500 index continues to advance higher as seen in the weekly chart. Our view that the index is heading back its upward trend with moderate speed trajectory still remains the same. 

Fund Rankings Update, 5/11/2018

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 advanced higher with energy sectors and financial sectors leading the way. Oil prices has risen above $70, the first time since 2014. Strong company earnings for the first quarter provides a solid support for the stock markets, and investors are encouraged by the tamed inflation data for consumer price index.  For the week,  S&P 500 index closed at 2727, up 2.41%, Dow Jones Industrial Average gained 2.342% and technology laden NASDAQ composite index increased 2.68%.

Weekly chart of S&P 500 index

S&P 500 index broke its downward trend since end of January and rebounded sharply from its 28 week moving average as seen in the weekly chart. The action confirms our previous discussion that the index is completing its consolidation phase and ready to resume its uptrend. Going forwards, we see market volatility remains on the elevated states as geopolitical tension and fed tightening policy provides the fluctuation, and the growth rate of the index will be much less than the last uptrend as we are in the matured stage of economy expansion cycle harvesting all the stimulus effects in the last two years.   

Fund Rankings Update, 5/4/2018

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 sETF model portfolio: Sell IAI, Buy IEO

Stocks began the week with a sell-off of of concern about higher interest rate and trade tension with China. However, stronger than expected quarterly earning from Apple and other technology companies boosted Nasdaq composite index. For the week,  S&P 500 index closed at 2663, down 0.24%, Dow Jones Industrial Average lost 0.2% while technology laden NASDAQ composite index increased 1.26%.

Weekly chart of S&P 500 index

It can be seen in the weekly chart that for the second week the S&P 500 index fell below 28 week moving average intra-week but ended up above the support line. Chart pattern agrees with our discussion last week that stocks are near the completion of its consolidation phase. The development of the stock market next week should provide us some clues about the direction of the S&P 500 index. 

Fund Rankings Update, 4/27/2018

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.

Concern about rising interest rate weighed in on the stock markets while strong Q1 earning provided solid support. Stocks closed the week with little change.  S&P 500 index closed at 2669, down 0.01%, Dow Jones Industrial Average lost 0.62% and technology laden NASDAQ composite index decreased 0.37%.

Weekly chart of S&P 500 index

S&P 500 index went below 28 week moving average intra-week but climbed above the support for the week in the weekly chart. In fact, the S&P 500 went down to test the 200 day moving average in daily chart Tuesday and Wednesday, and successfully defended the Tuesday selloff.  With the successfully test  of intermediate term support and with weekly momentum indicator turning upwards, we think the market is finishing its consolidation phase and moving to recovering phase while the volatility will remain at the elevated state.  

Fund Rankings Update, 4/20/2018

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 went up modestly with strong economic data in March retail sales and housing start and manufacture activities. Investors also focus on company earnings reports as earning season is under way. Less than one fourth of the S&P 500 companies have reported earnings but so far most of the companies have topped the earning estimates by the analysts.  Full year earning growth was estimated to be 18% for 2018.  For the week, S&P 500 index closed at 2670, up 0.52%, Dow Jones Industrial Average gained 0.42% and technology laden NASDAQ composite index increased 0.56%.

Weekly chart of S&P 500 index 

S&P 500 index closed above its 28 week moving average for the second week but failed to break the near term resistance at 2700. Weekly momentum indicator of S&P 500 index bounced off oversold threshold of 20 but is still below 50, indicating weak market action in the next couple weeks. 

Fund Rankings Update, 4/13/2018

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 EZA, Buy IGV.

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

Market volatility remained high even though trade tension eased slightly after both President Trump and President Xi showed softer stance. However, the geopolitical tension in Syria weighed in on the stock markets. Stocks eventually recorded a solid gain with technology sectors leading the way.  For the week, S&P 500 index closed at 2656, up 1.99%, Dow Jones Industrial Average gained 1.79% and technology laden NASDAQ composite index increased 2.77%.

Weekly chart of S&P 500 index

Fund Rankings Update, 4/6/2018

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.

Fear of trade war with China started to materialized as US and China traded shots at raising tariffs to each other. Stocks eventually yielded to the rising trade tension and plunged more than 570 points on Friday.  For the week, S&P 500 index closed at 2604, down 1.38%, Dow Jones Industrial Average lost 0.71% and technology laden NASDAQ composite index decreased 2.1%.

Weekly chart of S&P 500 index

The STO momentum index of S&P 500 index has been falling for 10 weeks and is reaching the over sold region (below 20). The index has closed below its 28 week moving average for 3 weeks and having trouble to break above the resistance in the past two weeks. The index went up parabolically last November which was not sustainable and we are paying the price right now. The economy and company earnings are still growing which provides the support to prevent this become a more severe down trend. The volatility has subsided a bit even though the index has failed to break above its moving average in the past two weeks. We think  STO momentum index of S&P 500 will fall below the threshold of 20 and enter over sold region, stay there for a few weeks before accumulating enough momentum to climb above 20 again creating a buying opportunity. We will monitor closely the behavior of the index below its 28 week moving average, which will tell us more about the underlying market strength.