Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
With better-than-expected earning news stock markets advanced for the sixth week. The S&P 500 index closed at 869, up 1.5%, the Dow Jones Industrial Average increased 0.6% and the Nasdaq composite index gained 1.2% for the week.
This week, a "buy" signal was issued for SSPP model portfolio. We will move out of the cash position and buy into FNMIX. In addition, a "buy" signal was issued for nSSPP model portfolio, we will shell Promark Income Fund and buy into Emerging Market Index (42625). All the model portfolios are in the long position due the the strength and the length of this rally.
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