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 ETF model portfolio: Sell IBB, Buy IJS
Resistance is hard to break. S&P 500 index, DJIA and Nasdaq composite index all broke their resistance levels during the week but quickly retreated. The S&P 500 index closed this week at 1192 down 0.19%, the Dow Jones Industrial Average, the only index above it resistance of 11000 increased 0.19% , and the Nasdaq composite index gained 1.11% for the week.
In the SELECT ranking table, the transportation sector is still leading the way, while in the iETF ranking table, the Mexico and Korea are holding the top ranks. Again, the domestic sectors have higher price momentum than the international regions indicating that the US stock markets have outperformed the international markets in this rally.
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