Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.atspace.com/
Trading volume was low this week due to short trading week and quite a few traders have not come back from their vacations. The S&P 500 index closed this week at 1109 up 0.46%, the Dow Jones Industrial Average increased 0.14%, and the Nasdaq composite index gained 0.39% for the week. The S&P 500 index stayed below the trend line for another week. In the past 4 months, the S&P 500 index has failed to break above the trend line twice. It will be interesting to see if the index can break the trend line in the coming weeks.
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