Trading signal occurs in SELECT model portfolio: Sell FSNGX, buy FSESX.
Weekly Average Momentum Index (AMI) Rankings of SSPP, nSSPP, SELECT, ETF can be seen in:
http://yechen.pan.googlepages.com/
Fund Ranking Updates, 7/18/2008
Are we there (market bottom) yet? Lower energy price gave stock market a timely relief this week. Investors are anxious to find out if this is a trend reversal or a temporary rebound. Looking at the chart for S&P500, the STO is at 12, in a severe oversold condition, the price is well below its 13 week and 28 week exponent moving average (EMA) trend lines, and both EMA's are trending downward. Usually there are short term rallies in an extreme oversold condition as traders try to profit from cheap price. However, before the price climbing above the trend lines, and the STO moving out of oversold condition, we will not call it a trend reversal. So, be patient and wait for the maket to tell us where it is heading.
Trading signal occurs in SELECT model portfolio: Sell FSNGX, buy FSESX.
Weekly Average Momentum Index (AMI) Rankings of SSPP, nSSPP, SELECT, ETF can be seen in:
http://yechen.pan.googlepages.com/
Trading signal occurs in SELECT model portfolio: Sell FSNGX, buy FSESX.
Weekly Average Momentum Index (AMI) Rankings of SSPP, nSSPP, SELECT, ETF can be seen in:
http://yechen.pan.googlepages.com/
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