Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
Auto sales in June was not as good as people had hoped, and June employment reports were worse than expected. Investors fear that the economy recovery is stalling. The SP 500 index closed this week at 896, down 2.5%, the Dow Jones Industrial Average decreased 1.9% for the week, and the Nasdaq composite index lost 2.3%. We need some good economic news to bring back confidence and give market a boost.
Automotive was the strongest sector for this short trading week.
No comments:
Post a Comment