YCP ETF and Mutual Fund Rankings

Fund Rankings Update, 4/28/2023

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 closed higher amid the busiest week of corporate earning reports. Investors were encouraged by better than expected quarterly earnings announced after market close on Wednesday and Thursday from large tech companies such as Google, Facebook, Amazon and Microsoft. On the economy front, the estimated first quarter GDP came in 1.1% well below the expected 2.0% growth, durable goods order excluding aircraft and defense went down 0.4% in March, while retail inventories rose more than expected which further confirm the economy slow down. For the week, S&P 500 index went up 0.87% to 4169, Dow Jones Industrial Average gained 0.86%, and the technology laden NASDAQ composite index increased 1.28%.

S&P 500 index continues to inch higher with increasing momentum. We are looking forward to a break of 4200 next week.

Weekly chart of S&P 500 index

Fund Rankings Update, 4/21/2023

Stocks closed flat with negative bias as investors turned their attention to corporate earnings and economy growth. Analysts expect that overall earnings for S&P 500 index will decline for the second quarter and a mild recession is likely to come in the second half of this year. For the week, S&P 500 index went down 0.1% to 4133, Dow Jones Industrial Average lost 0.23%, while the technology laden NASDA composite index decreased 0.42%.

Technical picture for S&P 500 index stays the same as the index still stays above its 28 week EMA with high momentum. A break of 4200 next week will ensure the continuation of the uptrend since October last year.

Weekly chart of S&P 500 index

Fund Rankings Update, 4/14/2023

Stocks closed higher this week encouraged by the inflation data released Wednesday showing March consumer price index rose only 0.1%, below estimation. With the moderation of inflation, investors now expect Fed will stop hiking interest rate after the final raise by 0.25% in May. Investor sentiments were also boosted by positive quarterly earnings from JPMorgan Chase, Wells Fargo, and Citigroup. For the week, S&P 500 index went up 0.79% to 4137, Dow Jones Industrial Average gained 1.2%, while the technology laden NASDA composite index increased 0.29%.

S&P 500 closed above its 28 week EMA for the third week and gaining momentum. Our positive outlook for the next few weeks remains the same.

Weekly chart of S&P 500

Fund Rankings Update, 4/7/2023

Trading signal occurs in FEMKX timing system: Sell Cash, Buy FEMKX

Stocks closed mixed in this holiday-shortened week. Investors turned their attention to economy growth as February job openings declined more than expected from the Labor department's report on Tuesday. For the week, S&P 500 index went down 0.1% to 4105, Dow Jones Industrial Average gained 0.63%, while the technology laden NASDA composite index decreased 1.1%.

S&P 500 index took a break from the recent rally and formed a neutral doji candle stick pattern. The index is still above its 28 week exponential moving average and with great momentum. We think the momentum can still carry the index higher in the next few weeks.

Weekly chart of S&P 500 index

Fund Rankings Update, 3/31/2023

Stocks advanced for the third week with all major indices posted solid weekly gains. Investors were relieved as the bank turmoil receded and the inflation appeared to cool down as personal consumption expenditure price index for February coming in at 4.6% below the expectation. For the week, S&P 500 index went up 3.48% to 41090, Dow Jones Industrial Average gained 3.22%, while the technology laden NASDA composite index increased 3.37%.

From weekly chart below, S&P 500 index has solidly closed above its 28 week exponential moving average as well as the psychological resistance level of 4000. Its momentum indicator has turned positive and heading higher. As the index has formed a higher low formation, we expect it to continue marching higher to form a higher higher bullish pattern in the next few weeks.

Weekly chart of S&P 500 index

Fund Rankings Update, 3/24/2023

Trading signal occurs in SELECT model portfolio, Sell FSDAX, buy FSELX

Stocks advanced this week shaking off the turmoil in banking sectors as investors relived that the Fed increased the interest rate only 0.25% as expected and hope that it will stop increasing the rate hike after one more increase in May. For the week, S&P 500 index went up 1.39% to 3970, Dow Jones Industrial Average gained 1.18%, while the technology laden NASDA composite index increased 1.66%.

After two consecutive advances, S&P 500 index still closed below its 28 week exponential moving average. The index went above the EMA mid week but failed to sustain the gain and closed a bit below the EMA. However, its momentum indicator has turned up, giving it a chance to climb above the trend line next week. As discussed in the blog last week, we may see the index consolidate around the 28 week EMA before getting back to its slow uptrend trajectory.

Trading signal occurred in SELECT model portfolios this week due to the recent sector rotation. We will sell FSDAX and replace it with the current number 1 rank fund, FSELX.

Weekly chart of S&P 500 index

Fund Rankings Update, 3/17/2023

Trading signal occurs in HSA model portfolio, Sell CSVYX, buy RIGGX

Trading signal occurs in sETF model portfolio, Sell IEZ, buy ITB

Stocks closed the week mixed as investors worried about propagation of the collapse of Silicon Valley Bank to the other regional banks while on the other hands, increased the hope that Fed will now ease the rate hiking cycle to prevent the worsening of the banking sector. On the economy front, the inflation moderate a bit as February data showed consumer price went up 6% year over year inline with expectation and the produce price index declined 0.1% For the week, S&P 500 index went up 1.43% to 3916, Dow Jones Industrial Average lost 0.15%, while the technology laden NASDA composite index increased 4.41%.

S&P 500 index closed below its trend line for the second weeks. If the index can find a support at 3800, rebounds and forms a higher low pattern in the weekly chart, we may see it gets back to the moderate uptrend since October last year. However, we expect the index to stay below its 28 week EMA for another couple weeks in the short term as its momentum indicator is rapidly falling towards the oversold zone.

Trading signals occurred in HSA and sETF model portfolios this week due to the recent weakness in US equity market and sector rotation. We will sell CSVYX and move to RIGGX in HSA model portfolio; and sell IEZ to buy ITB in sETF model portfolio.

Weekly chart of S$P 500 index