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 IXP, Buy IEZ
Investors took some profit and stocks closed the week lower. The S&P 500 index closed this week at 1199 down 2.17%, the Dow Jones Industrial Average decreased 2.2%, and the technology laden Nasdaq composite index lost 2.36% for the week.
In the sector front, basic materials and energy sectors are among the sectors with higher momentum. In the sETF ranking table, the momentum of IXP faded this week and its ranks dropped off the top 7 ranks. A sell signal was issued and it is replaced by the top rank fund of this week, IEZ (Dow Jones Oil Equipment Index). Globally, Germany and Austria have come up strong in the recent weeks.
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