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 ETF model portfolio: Sell EZA, Buy IYM
Investors did not want to commit their money during this year end period, major stock market indexes closed this week without seeing much movement either on the upside or on the down side. The S&P 500 index closed this week at 1243 up 0.28%, the Dow Jones Industrial Average increased 0.72%, and the technology laden Nasdaq composite index gained 0.21% for the week.
Continuing the theme in the past few weeks, the US domestic market out-performed the international markets due to the European debt concern and China's money tightening policy. In the ETF ranking table, the South Africa index (EZA) was pushed out of top 10 rank, and the US basic material index has hold the top rank for 4 weeks. The ETF model portfolio issued a trading signal to replace EZA with IYM.
In the weekly chart of S&P 500 index, the price is well above the trend line and the momentum is very strong, indicating that the up-trend will last for a while.
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