The Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, and sETF have been posted on the "Rankings", and "Trading Logs" pages.
Trading signal occurs in FEMKX timing system: Sell Cash, Buy FEMKX
Stocks closed higher as Wall Street celebrated President Trump's inauguration. Investors' sentiment was also helped by Trump's decision not to impose new tariffs on day one, as he promised during the campaign trail. Instead, he ordered federal agencies to review U.S. trade policies to determine the impact of potential future tariffs. For the week, the S&P 500 climbed 1.74%, closing at 6101, a new record high. The Dow Jones Industrial Average rose 2.15%, and the technology-laden Nasdaq composite index advanced 1.66%.
The S&P 500 Index has made a new record high, which confirms the renewal of the upward trend. The weekly chart shows the higher high and higher low patterns. Given the high upward momentum, we expect the index to march higher toward the 6220-6300 level.
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| The weekly chart of the S&P 500 index |
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| The weekly chart of the FEMKX |
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