and
HSA Ranking Table
SSPP Ranking Table
New SSPP (RSP) Ranking Table
Select Ranking Table
ETF Ranking Table
sETF Ranking Table
iETF Ranking Table
SSPP, RSP and HSA Trading Logs
Select and FEMKX Trading Logs
ETF, sETF and iETF Trading Logs
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On Wednesday, data showed that Second quarter GDP came in at a better than expected 1.7% and indicated a stronger second half to come. The news coupled with reports of less jobless claims, gave stocks a boost to break though their consolidation for the past 2 weeks. S&P 500 index closed at 1709, up 1.07%, Dow Jones Industrial Average gained 0.64%, and Nasdaq composite increased 2.12% for the week.
S&P 500 index has broken the round number resistance of 1700. The technical picture stays the same: Price is above the support and trending upwards with high momentum. The rally stays strong and will continue for sometime. Rising tide lift all boats. For the third week, none of the US industrial sectors has negative momentum index as shown in SELECT ranking table. The bio tech, auto and financial are the sectors leading the packs. Global regions are still weaker than US with European countries relatively stronger than Asian and Latin American countries.
Weekly Chart of S&P 500 index
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