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.
Stocks took a breather this week, with major indices closing the week flat. Signs of the trade de-escalation emerged as US and Chinese representatives plan to meet in Switzerland this weekend for trade discussions. On Thursday, the Trump administration also announced the first trade deal under "reciprocal tariffs" with the United Kingdom, signaling more deals will come. On Wednesday, the Fed announced that it will keep the interest rate steady and continue its wait-and-see attitude, citing the uncertainty of the economic outlook from higher tariffs. For the week, the S&P 500 lost 0.47% to close at 5659, the Dow Jones Industrial Average fell 0.16%, and the Nasdaq Composite notched down 0.27%.
The S&P 500 index ended the past week marginally lower, settling beneath its critical 28-week exponential moving average at 5684 and forming an indecisive weekly candle. The behavior of the index is being closely monitored as a breakout and hold above this critical EMA would signal a resumption of the uptrend, whereas a failure to overcome it could precipitate a sharp downward move.
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| The weekly chart of the S&P 500 index |
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