Fund Rankings Update, 2/24/2017

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 NSVAX, Buy BMCAX

Encouraged by positive earning reports from Wal-Mart and Home Depot and housing data, stocks went up at the beginning of the week but soon ran out of the steam. Released Fed meeting minutes showed the increasing likelihood of a March rate hike instead of June.  For the week, S&P 500 index closed at 2367, up 0.69%, Dow Jones Industrial Average gained 0.96% while technology laden NASDAQ composite index increased 0.12%.

Weekly chart of S&P 500 index

Without much stimulation from economic data, the advanced of S&P 500 index this week was driven mainly by the carry over momentum. It appears that the index is about to take a break after the recent run above 2300. A pause or a consolidation here will be healthy to the overall up trend.

A trading signal occurs this week in HSA model portfolio. The momentum rank of NSVAX has fallen below the trading threshold and is replaced by the number one rank fund, BMCAX.  This trading signal also reflects the under-performance of small cap stocks this year. 

Fund Rankings Update, 2/17/2017

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 SSPP model portfolio:, Sell FGRIX, Buy FDGRX

Encouraged by strong economic data, all major indices went up and reached record high during the week. Retail sales went up 0.6% and consumer price went up 0.3% in January. Banking and financial sectors were pushed higher as investors expect Fed to raise short term interest rate earlier than expected.  For the week, S&P 500 index closed at 2351, up 1.51%, Dow Jones Industrial Average gained 1.75% while technology laden NASDAQ composite index increased 1.82%.

Weekly chart of S&P 500 index

After breaking above short term resistance of 2300, S&P 500 keep marching higher with extreme high momentum. We expect the up-trend to continue before any correction happens.

Strong up trend has caused investors to move toward growth oriented sectors. A trading signal was issued in SSPP model portfolio to sell FGRIX and buy into FDGRX, which weighed more in growth companies. We have held FGRIX for 3 moths with a gain of 6.41%. 

Fund Rankings Update, 2/10/2017

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.

Markets were boosted by President Trump's statement again after moving side way for the first three days of the week. This time, he promised on Thursday for "something phenomenal in terms of tax" and Dow Jones Industrial Average went up more than 100 points.  Stocks rallied again on Friday and push all the major indices to new highs.  For the week, S&P 500 index closed at 2316, up 0.81%, Dow Jones Industrial Average gained 0.99% while technology laden NADASQ composite index increased 1.19%.

Weekly chart of S&P 500 index

S&P 500 index broke above the short term resistance of 2300 and heading higher. The index is way above its trend line with high momentum. We remain cautiously optimistic that the up trend will continue for a while. 

Fund Rankings Update, 2/3/3017

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.

Executive order from Trump administration to ban immigrants from seven Muslim countries spooked investors, and the markets started the weeks with a sell-off. Markets focusing on political uncertainty lingered the whole week before Friday's strong job report from Labor Department. Stocks rallied on Friday to make up the lost from the previous days.  For the week, S&P 500 index closed at 2297, up 0.12%, Dow Jones Industrial Average lost 0.11% while technology laden NADASQ composite index increased 0.11%.

Weekly chart of S&P 500 index

Buoyed by the high momentum, S&P 500 index keeps marching higher. The up trend appears to be intact and continues to trend higher before any meaningful correction occurs. 2300 looks to be a short term resistance for S&P 500 index and we will find out the strength of this resistance in the next couple weeks. 

Fund Rankings Update, 1/28/2017

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 FEMKX timing system:, Sell Cash, Buy FEMKX

Positive earning reports from DuPont, Boeing, and hope for the fiscal stimulus policy after Trump's first week as president of United States boosted investors' sentiment. Dow Jones Industrial Average for the first time broke above the 20000 psychological barrier and hold it till the end of the week.  For the week, S&P 500 index closed at 2294, up 1.03%, Dow Jones Industrial Average gained 1.34% while technology laden NADASQ composite index increased 1.9%.

Weekly chart of S&P 500 index

After drifting for six weeks, S&P 500 index and its daily moment have turned higher this week. In the weekly chart, the index reached the new high and weekly momentum is still in the extreme elevated state. The up trend looks to be intact but caution is warranted as the index is 4.5% above it tend line and I think we are at the top end of the rising trading channel.

A trading signal occurs in FEMKX timing system, as its momentum indicator climbed above 50, the threshold for a "buy" signal, from below. After 3 months at the side line, we will see how the system performs this time around.

Fund Rankings Update, 1/20/2017

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.

Stocks took a pause as government administration changing hands, and "Trump rally" stalled just before his inauguration. Positive earning reports failed to cheer the sentiment of investors as all eyes are on the policy uncertainty of the new administration.  For the week, S&P 500 index closed at 2271, down 0.15%, Dow Jones Industrial Average lost 0.29% while technology laden NADASQ composite index decreased 0.34%.

Weekly chart of S&P 500 index

S&P 500 index has been stalled for six weeks as seen on the weekly chart, waiting for the 28 week moving average to catch up. While on the daily chart, the momentum has been heading lower since late December last year. We expect the market direction to be flat with negative bias for another few weeks. 

Daily chart of S&P 500 index

Fund Rankings Update, 1/13/2017

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.

General stock markets stalled this week while technology sectors marched higher. Positive economy data on December retail sale provide a floor for the stock prices while Trump's comment on high drug prices damaged the drug and healthcare stocks.  For the week, S&P 500 index closed at 2274, down 0.1%, Dow Jones Industrial Average lost 0.39% while technology laden NADASQ composite index increased 0.96%.

Weekly chart of S&P 500 index

S&P 500 index looks to be forming a top pattern in the weekly chart with Dow Jones Industrial Average failing to break above the 20000 psychological barrier for five consecutive weeks. The momentum of the index is still in the extreme high area but starts to flatten out. As earning season is upon us and volatility will increase accordingly, caution is needed at this juncture.