Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
Personal income and saving rate were up but investors were still worried about the robustness of this recovery. The SP 500 index closed this week at 918, down 0.25%, and the Dow Jones Industrial Average decreased 1.19% for the week, while the Nasdaq composite index gained 0.59%. The S&P 500 index briefly dipped below the 900 support level during the week but quickly climbed back. That was a good sign, however, with S&P 500 index so close to the support level, we are carefully monitoring its development.
Automotive and technology are among the strongest sectors for the week.
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