Trading signal occurs in SSPP model portfolio: Sell FRESX, Buy FNMIX
Trading signal occurs in HSA model portfolio: Sell CASH, Buy NAHAX
Trading signal occurs in ETF model portfolio: Sell IYR, Buy CASH
The S&P 500 index closed this week at 1064 down 1.21%, the Dow Jones Industrial Average decreased 0.98%, and the Nasdaq composite index gained 0.79% for the week. Stocks have rallied for several days attracting investors to take positions, then they dropped sharply this Friday making investors feel like fools. From the weekly chart, the recent rally has caused the s&P 500 index to hit the trend line (resistance) at around 1100. However, it failed to break the trend line on the upside indicating that the down tend still prevails. The first sign of the reversal of a down trend is for the index to climb above its trend line.
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