Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://yechen.pan.googlepages.com/
Trading signal occurs in ETF model portfolio: Sell ILF, Buy IYM
Trading signal occurs in iETF model portfolio: Sell EWZ, Buy INP
Trading signal occurs in FEMKX timimg model: Sell FEMKX, Buy CASH (Weekly STO of FEMKX is 74 dipped below the threshold of 75)
Investors were looking for a reason to sell and they got plenty. The company earning reports can not excite them to buy stocks and president Obama's proposed sticker banking rules pored the oil on the fire. The stock markets slide down big in the last three trading days. The S&P 500 index closed this week at 1091, down 3.9%, the Dow Jones Industrial Average decreased 4.12%, and the Nasdaq composite index lost 3.61% for the week.
Trading signal occurs in ETF model portfolio: Sell ILF, Buy IYM
Trading signal occurs in iETF model portfolio: Sell EWZ, Buy INP
Trading signal occurs in FEMKX timimg model: Sell FEMKX, Buy CASH (Weekly STO of FEMKX is 74 dipped below the threshold of 75)
Investors were looking for a reason to sell and they got plenty. The company earning reports can not excite them to buy stocks and president Obama's proposed sticker banking rules pored the oil on the fire. The stock markets slide down big in the last three trading days. The S&P 500 index closed this week at 1091, down 3.9%, the Dow Jones Industrial Average decreased 4.12%, and the Nasdaq composite index lost 3.61% for the week.
Higher volatile funds react to the market sell off triggering trading signals in ETF, sETF model portfolios and FEMKX timing system. We will keep a close eye on next week's development.
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