Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
Trading signal occurs in ETF model portfolio:
Sell IGN, Buy EWW.
Bulls and bears fought for the 1000 key support level of the S&P 500 index for the whole week. Gladly the bulls still has the upper hand and the index although close down for the week is still above the support level. The SP 500 index closed this week at 1004, down 0.6%, the Dow Jones Industrial Average decrease 0.5% for the week, and the Nasdaq composite index lost 0.7%.
We are in the midst of sector rotation. The technology sector seems to plateau and the financial/banking sector is surging upward. This can be observed from rank changes in the SELECT ranking table.
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