Historically the month of September is a loss month for the stock markets. However the major indexes put out a strong performance for the first week of this September. The SP 500 index closed this week at 1042, up 2.6%, the Dow Jones Industrial Average increased 1.7%, and the Nasdaq composite index gained 3.1% for the week. We shall see how the rest of the month goes.
In U.S., the automotive sector is still holding to the number one rank in the select ranking table, and Air transportation is moving up fast. In the ETF ranking table, the EPP (pacific region), IYR(real estate), and IYT (transportation) have the strongest momentum for the week.
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