Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.atspace.com/
Trading signal occurs in SSPP model portfolio: Sell FEMKX, Buy FRESX.
Trading signal occurs in SELECT model portfolio: Sell FBSOX, Buy FSAIX.
A good start is half of the success, and stocks started this year with a good week. The S&P 500 index closed this week at 1144, up 2.68%, the Dow Jones Industrial Average increased 1.82%, and the Nasdaq composite index gained 2.12% for the week. The monthly chart of the S&P 500 index shows that the price is firmly above the trend line and the stochastic indicator STO[15,1] is at 86, above the threshold of 50. According to the chart, we are in the early stage of multi-year up trend.
The air transportation, automotive and basic material sectors are the stronger sectors this week, and Korea and India are coming strong in the international arena. In our SSPP ranking table, FEMKX was pushed out of the 7th rank by FDEGX and FMCSX, while in the SELECT ranking table, FBSOX was pushed out by FSELX.
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