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 HSA model portfolio: Sell NIIAX, Buy CBSAX.
Trading signal occurs in iETF model portfolio: Sell INP, Buy EWH.
Another roller coaster week for stocks. Concern about European's debt level and North Korea's war threat rattled the market in the beginning of the week, but the better economy news boosted the major indexes on Wednesday. On Friday, the lingering worries about the European debt and North Korea prevailed and the market closed lower. The S&P 500 index closed this week at 1189 down 0.86%, the Dow Jones Industrial Average decreased 1.0%, while the technology laden Nasdaq composite index bucked and trend and gained 0.65% for the week.
The recent pull-back has reduced the momentum of major indexes as well as individual funds quite a bit. For example, the slow STO[15,1] of S&P 500 index is at 83.5 and the STO [15,1] of FEMKX is at 75.28, very close to the sell threshold. We will monitor the market direction very closely in the next few weeks. The pull back also caused some sector/region rotations. We have issued 2 trading signals in HSA and iETF model portfolios this week due to AMI rank changes.
No comments:
Post a Comment