Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
Trading signal occurs in SSPP model portfolio: Sell FPBFX, Buy FEMKX.
A Trading signal should have been issued in sETF moel portfolio on 11/17: Sell IXG, Buy IEZ. I have corrected this in the ETF log page.
Stocks showed some weakness, and the S&P 500 index and the Nasdaq composite index failed to break their resistance level at 1100 and 2200 respectively. The S&P 500 index closed this week at 1091, down 0.19%, the Dow Jones Industrial Average increased 0.42%, and the technology laden Nasdaq composite index lost 1.0% for the week.
A trading signal was issued this week in SSPP model portfolio because FPBFX's AMI ranking has dropped below 7 (from 6 to 10). We will buy into the current #1 rank fund, FEMKX. In the SELECT ranking table, the technology sectors remain strong while basic material sectors saw some strength. In the ETF ranking table, Latin America (ILF) is still leading the pack.
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