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 sETF: Sell ICF, Buy IHF.
Stocks tried to rebound the first two day of the week, but great selling pressure pushed the markets down on Wednesday and Thursday. Selling climax reached the maximum on Thursday when DJIA went down more than 260 points in one day. The S&P 500 index closed this week at 1044, down 0.72%, the Dow Jones Industrial Average decreased 0.55%, and the Nasdaq composite index lost 0.29% for the week. The S&P 500 index has fallen 7% from its height of 1150.
The monthly chart of S&P 500 index shows that the index is testing the support while its long term momentum, indicated by the STO[15,1], is still trending upward to 85. Before the tend line is broken and the momentum goes south, I am treating this setback as a correction to the overall uptrend. In fact, this may open the door for investors to get back into the market if they missed the rally last time. I know, especially in this kind of market, it is very difficult to make investment decisions, and that is why it is more important to stick to ones investment strategies. I have provided seven momentum ranking tables and a FEMKX timing system in this blog. You can select one or a couple of strategies and follow the trading signals. The performances in the trading log pages speak for themselves.
No comments:
Post a Comment