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 closed the week mixed, with mid-cap and small-cap stocks posting strong gains, while technology sectors finished the week lower. The S&P 500 index was losing ground the first four days of the week before the rally on Friday due to Fed Chair Jerome Powell's dovish remark about a possible rate cut. For the week, the S&P 500 advanced 0.27% to close at 6466, the Dow Jones Industrial Average rose 1.53%, while the Nasdaq Composite decreased 0.58%.
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| The weekly chart of the S&P 500 index |
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