Another ugly week for the stock market. DJIA lost 464 point, 3.77%, and NASDAQ lost about 1.5% in a week. The slow stochastics [15,1] for the major market indices(NASDAQ, S&P 500, DJIA) all fell below 75. Market is definitely going downward, although a few funds may still try to hang there. It is very difficult to make a profit in this kind of environment. Following trading rules for our ranking system, a trading signal was issued for nSSPP model portfolio, Sell REIT Index, Buy FMCSX. We have held REIT index for 39 days with a loss of 7.8%.
The weekly Average Momentum Index (AMI) Rankings of SSPP, nSSPP, SELECT, ETF can be seen in:
http;;/yechen.pan.googlepages.com/
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