Trading signal occurs in iETF model portfolio: Sell EWM, Buy EWZ.
Stocks went down for the third weeks after disappointing earning reports from major retailers, which raises worries about the health of US economy. Technically, S&P 500 index looks to be testing the support from 28 week moving average. For the week S&P 500 index closed at 2046, down 0.51%, Dow Jones Industrial Average lost 1.16% and the technology laden NASDAQ composite index decreased 0.39%.
Weekly chart of S&P 500 index |
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