Happy Thanksgiving!
Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
With President-elect Obama's announcement of his economy team, market got back some confidence the past week. Major indexes reversed their slides and put out a good performance this Thanksgiving week. Dow Jones Industrial Average gained 9.7%, S&P 500 index increased 12% and NASDAQ Composite Index went up 10.9% for the week. Market is looking for a bottom, but economy condition has not improved and may get worse. I am skeptical about the sustainability of any rallies before AMI turning positive and stock market giving back its extreme volatility.
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