Fund rankings update, 11/26/2010

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/

Trading signal occurs in HSA model portfolio: Sell NIIAX, Buy CBSAX.

Trading signal occurs in iETF model portfolio: Sell INP, Buy EWH.

Another roller coaster week for stocks. Concern about European's debt level and North Korea's war threat rattled the market in the beginning of the week, but the better economy news boosted the major indexes on Wednesday. On Friday, the lingering worries about the European debt and North Korea prevailed and the market closed lower. The S&P 500 index closed this week at 1189 down 0.86%, the Dow Jones Industrial Average decreased 1.0%, while the technology laden Nasdaq composite index bucked and trend and gained 0.65% for the week.

The recent pull-back has reduced the momentum of major indexes as well as individual funds quite a bit. For example, the slow STO[15,1] of S&P 500 index is at 83.5 and the STO [15,1] of FEMKX is at 75.28, very close to the sell threshold. We will monitor the market direction very closely in the next few weeks. The pull back also caused some sector/region rotations. We have issued 2 trading signals in HSA and iETF model portfolios this week due to AMI rank changes.

Fund rankings update, 11/19/2010

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/

Concern about European's debt level and Chinese central bank's raising the bank reserve requirement rattled the market but the successful IPO of GM boost the investor's sentiment making this week eventful but end up flat. The S&P 500 index closed this week at 1199 up 0.04%, the Dow Jones Industrial Average increased 0.1%, and the technology laden Nasdaq composite index lost 0.00% for the week.

In the weekly chart of S&P 500 index, we can see that the price is well above its trend line and the STO momentum indicator has come down a bit but still maintains in the high 80's. We can expect that the uptrend will keep going for a while and of course the way up is never a straight line. We should expect some bumps along the way.

Fund rankings update, 11/12/2010

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/

Trading signal occurs in sETF model portfolio: Sell IXP, Buy IEZ

Investors took some profit and stocks closed the week lower. The S&P 500 index closed this week at 1199 down 2.17%, the Dow Jones Industrial Average decreased 2.2%, and the technology laden Nasdaq composite index lost 2.36% for the week.

In the sector front, basic materials and energy sectors are among the sectors with higher momentum. In the sETF ranking table, the momentum of IXP faded this week and its ranks dropped off the top 7 ranks. A sell signal was issued and it is replaced by the top rank fund of this week, IEZ (Dow Jones Oil Equipment Index). Globally, Germany and Austria have come up strong in the recent weeks.

Fund rankings update, 11/5/2010

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/

Encouraged by QE(qualitative easing) II from the FED and better than expected job report, stocks made big move this week. The S&P 500 index closed this week at 1225 up 3.6%, the Dow Jones Industrial Average increased 2.93%, and the technology laden Nasdaq composite index gained 2.85% for the week.

I am in Hong Kong this week and just came back from a 2 day trip in Macau. Macau is the major gambling center in Asia. Most of the casinos in Vegas strip, like MGM, the Sand, the Venetian, ..etc, have built their casinos in Macau as well. At the luxurious brand stores in the casinos, I witnessed the purchasing power of Chinese tourists. Everyone has 3 or 4 shopping bags in their hands when they came out from the Cucci, LV, Hermes, ... stores. With China and the emerging markets gaining ground on US in economy, US government really needs to figure out how to maintain our competitive edge and remain the dominant economy force in the world.

Fund rankings update, 10/29/2010

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/

Trading signal occurs in nSSPP model portfolio: Sell REIT index (42627), Buy FEMKX

Stocks paused for mid-term election results and actions from FED next week. The S&P 500 index closed this week at 1183 up 0.02%, the Dow Jones Industrial Average decreased 0.13%, while the technology laden Nasdaq composite index gained 1.13% for the week.

Overall trend is unchanged this week. Technology and basic material are still the hot sectors in US, and in the global regions, India(INP) faded a bit while Austria(EWO) continue its high momentum surge. In nSSPP ranking table, our current holding (42627) was pushed out of the top 7 ranks and a sell signal was issued. We have held the fund for 147 days with a gain of 21%. The fund was replaced with emergent market fund, FEMKX.

For the FEMKX timing system, we still hold the fund as its momentum indicator STO[15,1] stands at 94 this week (see chart below). We have held the fund for 88 days with a gain of 11%. Trading history of FEMKX system can be found in the "Select_Log" page.

Fund rankings update, 10/22/2010

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/

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

Stocks slow down their march upward a bit this week. The S&P 500 index closed this week at 1183 up 0.59%, the Dow Jones Industrial Average increased 0.63%, and the Nasdaq composite index gained 0.43% for the week.

Technology and basic material are still the hot sectors in US, and in the global regions, India(INP) and Austria(EWO) continue their high momentum surge from last week. The Malyasia fund (EWM) was pushed out of the top 7 ranks in the iETF ranking table so a sell signal was issued.

Fund rankings update, 10/15/2010

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/

Technology sector lead the stock market higher this week. The S&P 500 index closed this week at 1176 up 0.95%, the Dow Jones Industrial Average increased 0.51%, and the Nasdaq composite index gained 2.78% for the week.

With the economy recovery seemingly back on track, the basicmaterial and technology sectors are leading the way in US. In the weekly chart of S&P 500 index, the price is well above the trend line and the momentum (STO[15,1]) is high at 95, indicating that the rally will last for a while. In the global arena, Austria and Hong Kong are coming strong while India still hold the top rank. Overall the international markets are outperforming US markets.