Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
In the absence of upbeat economic news, the stock markets drifted lower this week. The SP 500 index closed this week at 879, down 1.9%, the Dow Jones Industrial Average decreased 1.6% for the week, and the Nasdaq composite index lost 2.3%. Note that the S&P 500 has broken the 900 support level and its momentum is deteriorating. Next week quite a few companies are going to report quarterly earnings. Hopefully we can get some good news to give the market a boost.
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