Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://yechen.pan.googlepages.com/
Stock markets showed signs of stabilization. After hitting the 28-week support a week earlier, S&P 500 index rebounded above the trend line this past week. The S&P 500 index closed this week at 1075, up 0.87%, the Dow Jones Industrial Average increased 0.87%, and the Nasdaq composite index gained 1.98% for the week. The momentum of all the major indexes are still trending down, so we will most likely stay in the trading range for some time before the up trend emerge again.
Because of the stable oil price, the air transportation sector fund is still holding the number 1 position in the SELECT ranking table. The health care sectors are among the top rank fund because of their defense nature in this kind of market environment. The AMI's of all the international funds deteriorated very fast in the iETF ranking table because of the debt problem in Europe, weak energy/commodity price, and China's clamp-down on lending.
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