Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/
Trading signal occurs in iETF model portfolio: Sell EWM, Buy INP
Stocks slow down their march upward a bit this week. The S&P 500 index closed this week at 1183 up 0.59%, the Dow Jones Industrial Average increased 0.63%, and the Nasdaq composite index gained 0.43% for the week.
Technology and basic material are still the hot sectors in US, and in the global regions, India(INP) and Austria(EWO) continue their high momentum surge from last week. The Malyasia fund (EWM) was pushed out of the top 7 ranks in the iETF ranking table so a sell signal was issued.
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