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 sETF model portfolio: Sell ICF, Buy IXP
Stocks resumed its rally this week hoping Fed will ease money policy again to excite the lackluster economy recovery and lower unemployment rate. The S&P 500 index closed this week at 1165 up 1.65%, the Dow Jones Industrial Average increased 1.63%, and the Nasdaq composite index gained 1.31% for the week.
This rally has been very strong. The major indexes went up more than 10% in September and seem want to go higher. In the domestic industrial sectors, the telecom and material sectors are among the sectors with highest momentum. In fact, the real estate index (ICF) was pushed out of the top 7 rank this week and a sell signal was issued in the sETF model portfolio. The top 7 ranked funds in the sETF ranking table are filled mostly with telecom and material indexes.
International funds has outperformed US funds during this rally partly due to the weak dollar. India, Hong Kong and South Africa round up the top 3 funds with Austria coming strong in the iETF ranking table.
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