Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Trading signal occurs in HSA model portfolio: Sell NSVAX. Buy FKASX.
Trading signal occurs in iETF model portfolio: Sell EWZ, Buy EWG.
Stocks held on to their gain as we closed the first quarter of 2012. The SP 500 index closed this week at 1408 up 0.81%, the Dow Jones Industrial Average gained 1.0%, while the Nasdaq composite index increased 0.77%.
Boosted by good economy data with lower jobless rate and higher consumer confidence, S&P 500 gained 12%, DJIA went up 8%, and NASDAQ composite index surged 19% for the quarter. As there is no major interruption to the economy activities in sight (except the higher energy prices as a wild card), I expect the up-trend to continue with pauses and short term technical pull backs along the way.
Even though the overall economy is chugging along, sector rotation still happens as industrial sectors gained different degree of momentum during economy cycles. During this quarter, we've seen technology and financial sectors advanced upward while housing and transport lost their steam. We also saw more turn overs in the global regions, northern European countries gained momentum while emerging markets suffered due to slow down in China. Our model portfolios except iETF, have all performed well. Hopefully economy can keep improving and we can have a good year.
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Worries about China's slow down and the impact of higher oil prices dampened the mood in stock markets. The SP 500 index closed this week at 1397 down 0.5%, the Dow Jones Industrial Average lost 1.15%, while the Nasdaq composite index increased 0.41%.
There is no change in the overall market direction. The price movement and momentum of S&P 500 index stays the same as last week. For the US industrial sectors, the financial and technology are the top sectors with strongest momenta. The global regions still lagging behind US in general. Germany is holding the top rank in iETF ranking table while Belgium is catching up fast. With China's slow down in sight, Hong Kong, pacific region and even emergent markets are feeling the impact.
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Another strong week for stocks. The SP 500 index closed this week at 1404 up 2.43%, the Dow Jones Industrial Average gained 2.4%, and the Nasdaq composite index increased 2.24%.
With strong momenta, S&P 500 index and Dow Jones Industrial Average, and Nasdaq composite index broke their psychological barrier of 1400, 13000 and 3000 respectively the past week. S&P 500 index has gone up 11.7 % so fart this year. I have pointed out, in last week's blog, that the up trend is still intact as that the momentum of the index is still strong. However, when stocks advanced so strong and so fast, I do expect some kind of pull back or consolidation.
Apple started selling new iPad yesterday with much fanfare. Its stock price has been running up like crazy as everyone want to own Apple stocks. As can be seen in the weekly chart, Apple's stock price has been running above its trend lines the past 3 years. Every time it dipped to or below the trend line, it bounced back right away (I did a chart comparison between google and apple last year). Even when general market condition was deteriorating during August - November last year, Apple's stock price still ran strongly above the trend line and kept the up trend intact. After the exceptionally strong quarterly earning report in January this year, its stock price exploded and has been running up nonstop from 425 to 685. A 61% gain in a short 2 month time. We do not know how far Apple's stock price will keep going but again too much too soon is a reason for caution.
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Stocks went down early in the week but boosted by the stronger than expected job report in the US and the encouraging outcome from Greece's debt restructuring at the end of the week. The SP 500 index closed this week at 1370 up 0.09%, the Dow Jones Industrial Average lost 0.43%, and the Nasdaq composite index increased 0.41%.
S&P 500 index has been consolidating at 1360 - 1370 level for the past 4 weeks waiting for its trend line to catch up. As the momentum of the index is still strong and the up trend is still intact, it is healthy for the index to take a break either by a pull back or a flat consolidation
after 3 months of nonstop advance.
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Trading signal occurs in SSPP model portfolio:
Sell FRESX, Buy FDGFX
Stocks continued their advance although Dow Jones Industrial Average still failed to close above the psychological 13000 barrier. The SP 500 index closed this week at 1369 up 0.28%, the Dow Jones Industrial Average lost 0.04%, and the Nasdaq composite index increased 0.42%.
