Friday was the last Friday in July. ETF Trade-day momentum rankings for August are based on this data. The top 25 ETFs based on the proprietary momentum-rating system are shown below in the first column. Subsequent columns show the prior four ratings for previous Fridays:

Comments on Rankings

Biotech continues to hold the first two spots as they have for most of the last five weeks. Emerging markets hold two of the next three spots. Both EWX and VWO have moved up nicely over the last five weeks. The other top-five is an India sector fund, EPI. It too has shown nice progression over the five weeks.

Performance For Most Recent Selections

Last month’s selections were XLU,  IBB and XBI  in that order. The ultimate return on these will be determined at the open on Monday. However, as of close on Friday, the holding period returns were as follows:

All three selections produced nice returns for the period.

These rankings are for informational purposes only. To the extent that you trade ETFs, they may or may not be useful. To learn more about the rankings system, click here to see the manual.