Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
Wall street put on a brave face over government's dismal employment report. Stock market initially reacted badly to the report but turned around to the upside in the afternoon. The S&P 500 index gained more than 3% for the day. This usually is a good sign for the market since investors are expecting worsen economy condition and won't be surprised by any bad news. Any better than expected economy new from now on is going to rally the market. Maybe Santa is coming to town.
As trend followers, we are still patiently waiting at the sideline. We may miss some short term rallies and even initial rally if the bear trend reverse itself but it is always better and with less risk to buy into the market when the up trend is well established.
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