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 SSPP model portfolio: Sell FDEGX, Buy FCNTX
Trading signal occurs in SELECT model portfolio: Sell FSLBX, Buy FBMPXX
Trading signal occurs in iETF model portfolio: Sell EWS, Buy FXI
Trading signal occurs in FEMKX timing system: Sell FEMKXS, Buy Cash
Most stocks declined over the week, with the tech stocks experiencing the most loss. Ongoing concerns about tariffs and slowing economic growth continue to weigh on investor sentiment. Economic data further fueled these concerns, with jobless claims rising by 22,000 to 242,000—the highest level since October 2024—and consumer confidence dropping seven points in February, the sharpest monthly decline in three years. The S&P 500 fell 0.98% for the week, closing at 5,954. The Dow Jones Industrial Average increased by 0.95%, while the Nasdaq composite index plummeted by 3.47%.
The S&P 500 tested the 5850 trend line support this week, rebounding to close at 5954, above the 28-week exponential moving average. Maintaining this trend line support is critical. As previously noted, the index remains in a consolidation phase between 5850 and 6090. A drop below 5850, particularly with a close below the prior low of 5773, would confirm a correction. The index's performance in the coming week will be pivotal in determining its future trajectory.
 |
| The weekly chart of the S&P 500 index |
No comments:
Post a Comment