Solid corporate earning reports were offset by investors' worry about Fed's tapering of the 85 billion monthly bond buying program. Stocks ended up mixed with S&P 500 index closed at 1663, up 0.46%, Dow Jones Industrial Average lost 0.47%, and Nasdaq composite increased 1.53% for the week.
In the daily chart, S&P 500 index managed to close the week above the 50 day moving average. The daily momentum is still very week and MACD in the chart suggests that the index still have not turned the corner yet. In the weekly chart, the weekly momentum indicator has come down from over bought condition and heading downward, which confirms the continuation of the short term correction.
Over the past two weekends, I have learned to dynamically display the ranking tables and trading logs on my blog site (AMI Tables and Logs) using inline frame in html. I plan to remove the http link and only post tables and logs in the blog site only in the future. Hope you like this feature and let me know if you have any suggestion.
Daily Chart of S&P 500 Index
Weekly Chart of S&P 500 Index
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