Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/
Technology sector lead the stock market higher this week. The S&P 500 index closed this week at 1176 up 0.95%, the Dow Jones Industrial Average increased 0.51%, and the Nasdaq composite index gained 2.78% for the week.
With the economy recovery seemingly back on track, the basicmaterial and technology sectors are leading the way in US. In the weekly chart of S&P 500 index, the price is well above the trend line and the momentum (STO[15,1]) is high at 95, indicating that the rally will last for a while. In the global arena, Austria and Hong Kong are coming strong while India still hold the top rank. Overall the international markets are outperforming US markets.
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