YCP ETF and Mutual Fund Rankings

Fund Rankings Update, 9/17/2021

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

Stocks ended lower for the second week. Worries about supplier chain challenge and the tightening monetary policy weighed in on investor sentiment. However, economic data on inflation and retail sales released during the week surprised the analysts on the positive side. For the week, S&P 500 index went down 0.57% to 4432, Dow Jones Industrial Average lost 0.07%, and the technology laden NASDAQ composite index declined 0.47%.

S&P 500 index declined for the second week but still follows the up trending trajectory since November 2020. 4400 level is a short term support while 4200 level around 28 week EMA and previous resistance is a more meaningful support level. The index is currently 4.3% above its 28 week EMA within our 5-6 % threshold so we do not see a large pulled back on the horizon. Month of September is usually a weak month of the year for stocks according to seasonality. We shall see how the index performs this year in two weeks when the month ends.

Weekly chart of S&P 500 index

Fund Rankings Update, 9/10/2021

Trading signal occurs in SSPP model portfolio: Sell FRESX, Buy FDEGX

Trading signal occurs FEMKX timing model: Sell Cash, Buy FEMKX

Stocks ended lower this week as long term interest rate climbing higher. Worries about increasing spread of Delta variant of the coronavirus that hinders the economy recovery and the persistent high inflation rate that would force the Fed to tighten its monetary policy early also weighed in on investor sentiment. For the week, S&P 500 index went down 1.69% to 4458, Dow Jones Industrial Average lost 2.15%, and the technology laden NASDAQ composite index decreased 1.61%.

S&P 500 index has slowly moved upward following its trajectory since last November as shown in the weekly chart below. The index is still above its 28 week EMA with high momentum. We expect it will continue to march higher with small consolidations along the way.

Two trading signals were issued this week. A buy signal from our FEMKX timing model was issued on this down week. The FEMKX timing model has been consistent in telling the market direction in the past and we shall see how it performs this time. Another trading signal was issued in SSPP model portfolio this week to sell real estate fund, FRESX, and buy the growth related FDEGX fund due to rising longer interest rate. Readers can find the detail trading records in the trading log pages.

Weekly chart of S&P 500 index

Fund Rankings Update, 9/3/2021

Stocks ended mixed this week as August job report showing U.S. only created 235,000 jobs well below the estimation of 750,000 jobs. Within the markets, small real estate sector outperformed while financial sectors lagged. For the week, S&P 500 index went up 0.58% to 4535, Dow Jones Industrial Average lost 0.24%, and the technology laden NASDAQ composite index increased 1.55%.

Weekly chart of S&P 500 index

Fund Rankings Update, 8/27/2021

Stocks continued to march higher with S&P 500 index and NASDAQ composite index making record high during the week. FDA's approval of Pfizer-BioNTech COVID-19 vaccine helped boosting the sentiment of continued economy recovery. Within the markets, small cap stocks outperformed its large cap counterparts with Technology and energy stocks leading the way. For the week, S&P 500 index went up 1.52% to 4509, Dow Jones Industrial Average gained 0.96%, and the technology laden NASDAQ composite index increased 2.82%.

S&P 500 index reached another record high and closed the week at 4509 above the 4500 psychological resistance. We have predicted the slow grinding upward pattern toward 4500 in the 7/2 blog, and we believe the pattern will continued for a while supported by the economy recovery and positive company earning outlook.

Weekly chart of S&P 500 index

Fund Rankings Update, 8/20/2021

Trading signal occurs in iETF model portfolio: Sell EWZ, Buy EWL

Stocks pulled back after S&P 500 index reached the all time high on Monday. Worries about Fed's tapering of asset purchases before the end of the year weighed in on investor sentiment. Small caps and energy related sectors underperformed the the general markets with Russel 2000 index fell more than 10% from its March high. For the week, S&P 500 index went down 0.59% to 4441, Dow Jones Industrial Average lost 1.11%, and the technology laden NASDAQ composite index decreased 0.73%.

S&P 500 index reached record high of 4480 on Monday before pulling back Tuesday and Wednesday. The index then bounced off the short term support of 4375 and closed the week at 4441. In the weekly chart below, the index still maintains its slow grinding upward pattern, and we expect it to continue that way. A trading signal was issued in iETF model portfolio this week to move from energy related EWZ fund to the current number one ranked fund, EWL. EWZ was held for only a month with a loss of 7.9%.

Weekly chart of S&P 500 index

Fund Rankings Update, 8/13/2021

Stocks edged higher for another week with senate passed the 1 Trillion bipartisan infrastructure bill and soon after senate Democrats passed the 3.5 trillion budget resolution. The mild July consumer price index also calmed the investors' fear about rampant inflation. For the week, S&P 500 index went up 0.71% to 4468, Dow Jones Industrial Average gained 0.87%, while the technology laden NASDAQ composite index decreased 0.09%.

Weekly chart of S&P 500 index

Fund Rankings Update, 8/6/2021

Stocks advanced upward encouraged by positive company earning reports and employment report that US added 943K jobs in June well above expectation. For the week, S&P 500 index went up 0.94% to 4436, Dow Jones Industrial Average gained 0.78%, and the technology laden NASDAQ composite index increased 1.11%.

S&P 500 index continued its same upward trajectory with elevated momentum as shown in the weekly chart below. Our positive short term outlook of the stock market stays the same as previous few weeks.

Weekly chart of S&P 500 index