YCP ETF and Mutual Fund Rankings

Fund Rankings Update, 11/26/2021

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.

Trading signal occurs in SSPP model portfolio: Sell FDEGX, Buy FDGRX
Trading signal occurs in sETF model portfolio: Sell IGV, Buy IEO
Trading signal occurs in FEMKX timing system: Sell FEMKX, Buy Cash

Fear of new variant of new corona virus triggered a sell-off Friday with Dow Jones Industrial Average plunged more than 900 points. For this holiday shorten week, S&P 500 index went down 2.2% to 4594, Dow Jones Industrial Average lost 1.97%, and the technology laden NASDAQ composite index decreased 3.52%.

Technical picture of S&P 500 index remains the same as the index is still consolidating along the upper end of the rising channer and the index is still above its trend line. However, our FEMKX timing system issues a sell signal this week changing its holding to defensive cash position. In addition, a divergent pattern between the price and momentum indicator emerged in the weekly chart of S&P 500 index (price is making higher high while STO [15,1] is making lower high). With these new signs, it is prudent to reduce the risk exposure.

Weekly chart of S&P 500 index

Fund Rankings Update, 11/19/2021

Stocks were mostly flat for the week with growth stocks outperformed value stocks. Positive economy data in October retail sales and manufacturing activity were balanced out by fear of high inflation data and rise in covid cases in some regions. For the week, S&P 500 index went up 0.32% to 4697, Dow Jones Industrial Average lost 1.38%, while the technology laden NASDAQ composite index increased 1.24%.

Technical picture of S&P 500 index remains the same as the index is consolidating along the upper end of the rising channer.

Weekly chart of S&P 500 index

Fund Rankings Update, 11/12/2021

Major indices took a breather after 5 weeks of advance. Investor sentiment was weighed on by high inflation data released during the week but supported by the passage of the bipartisan infrastructure bill. For the week, S&P 500 index went down 0.31% to 4682, Dow Jones Industrial Average lost 0.63%, and the technology laden NASDAQ composite index decreased 0.69%.

S&P 500 index continued its upward trajectory along the upper trading channel as shown in the weekly chart below. We maintain our positive outlook that the index will continue heading higher for the coming weeks.

Weekly chart of S&P 500 index

Fund Rankings Update, 11/05/2021

Major indices continued to make record highs with tech sectors and small cap stocks leading the way. Investor sentiments were boosted by the dovish statement from the Fed after its policy meeting Wednesday and the economic data showing better than expected factory orders in September. Job report released on Friday showing US added more than 530,000 jobs in September also supported the broad advance in stocks. For the week, S&P 500 index went up 2.0% to 4697, Dow Jones Industrial Average gained 1.42%, and the technology laden NASDAQ composite index increased 3.05%.

As shown in the weekly chart, S&P 500 index has comfortably broken above its previous high and reached the upward trajectory it has formed since November 2020. With the elevated momentum, we expect the index to continue heading higher for the coming weeks.

Weekly chart of S&P 500 index

Fund Rankings Update, 10/29/2021

Stocks continued their advance with all major indices reaching all time high during the week. Investor sentiments were supported by progress on President Biden's social infrastructure spending plan in the congress and the slow down in 3rd quarter GDP which bring down the intermedia- and long-term U.S. treasury yields. Consumer discretionary sectors led the markets while energy sectors lagged. For the week, S&P 500 index went up 1.33% to 4605, Dow Jones Industrial Average gained 0.4%, and the technology laden NASDAQ composite index increased 2.7%.

S&P 500 reached all time high and closed the week above 4600. The index has rebounded back from its 28 week EMA to its pre-September upward trajectory. We think the index will follow the trajectory going higher but need to remain vigilant about any future parabolic move.

Weekly chart of S&P 500 index

Fund Rankings Update, 10/22/2021

Boosted by positive earning surprise, stocks continued to march higher. Utilities, health care and real estate sectors led the markets while communication and energy sectors lagged. For the week, S&P 500 index went up 1.64% to 4544, Dow Jones Industrial Average gained 1.08%, and the technology laden NASDAQ composite index increased 1.29%.

S&P 500 made the record high during the week but closed the week one point lower. As mentioned in our last blog that we expect the index to reach all time high if it can hold the 4500 level. For the next few weeks, we think the index will resume its up trend with rising momentum.

Weekly chart of S&P 500 index

Fund Rankings Update, 10/15/2021

Stocks continued its rebound boosted by positive economic data and strong earnings from banking sectors. Consumer price went up 4% year over year at the end of September and Producer price index went up 0.5% in September indicating the peak of inflation might be over. Weekly jobless claim fell to 293000, a pandemic low and the September retail sales surprised the economists on the upside with 0.7% increase. For the week, S&P 500 index went up 1.82% to 4471, Dow Jones Industrial Average gained 1.58%, and the technology laden NASDAQ composite index increased 2.18%.

S&P 500 attempted to resume its uptrend and closed the week strongly above its 28 week EMA and the high of last week. Its daily momentum is heading upwards, and the daily MACD has shown a golden cross pattern. If the index can hold above 4500 next week, there is a great chance that it will advance further to make record high. The price action of S&P 500 index is very similar to what it had in the same period of time last year. It consolidated for two months in September and October, and broke out to resume its uptrend in November. We will see how the index performs in the next two weeks before November comes.

Weekly chart of S&P 500 index

Daily chart of S&P 500 index