The most recent Friday ranking is shown in the column labeled WkBk0. WkBk0 represents a non-trade day (only important in the sense that it is not acted upon for backtesting purposes). The last “official” trade-day was WkBk1, a week earlier.
ETF Momentum Rankings — Commentary
Movement in the last week’s ETF momentum rankings has been minimal. Only SPY has moved up into the highest 12 ranks, and just barely.
The current top five continue to be non-US oriented ETFs. Save one, all of these have had green-shaded ETF momentum ranking for four consecutive weeks.
Positive movement in US ETFs can be seen looking at the table. WkBk4 (five weeks ago) only had two domestic green rankings (BIL and IWM) and one of these (BIL) is a cash equivalent.
Over this five week look EWJ had the biggest improvement in ranking, going from 37 to 2. This ETF can be very volatile. It tends to shift positions fast and sometimes dramatically.
Other positive moves worth noting are the strengthening of US funds. XLK and QQQ rose 21 places. SPY rose 19.
