Fund Rankings Update, 1/3/2025

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.



Happy New Year!! Stocks closed modestly lower for the holiday-shortened week.  The slump at the beginning of the week was attributed to the year-end profit taking from traders to close 2024.  Indeed, 2024 is the second consecutive year the S&P 500 index recorded more than 20% growth.  For the week, the S&P 500 went down 0.48%, closing at 5942, the Dow Jones Industrial Average fell 0.6%, and the technology-laden Nasdaq composite index decreased 0.51%. 

The S&P 500 Index exhibited lower volatility for the second consecutive week, dipping to 5800 during the week but recovering to close modestly higher above its opening level.  The index remains above its 28-week exponential moving average although its momentum is showing signs of weakening. This consolidation phase is anticipated to persist for another couple of weeks."


The weekly chart of the S&P 500 index


1 comment:

Anonymous said...

keep the analysis coming YCP