Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/
Encouraged by the good company earnings, stocks continued their up trend this past week. The S&P 500 index closed this week at 1293 up 1.71%, the Dow Jones Industrial Average increased 0.96%, and the technology laden Nasdaq composite index gained 1.93% for the week.
Monthly chart of S&P 500 index below shows that the index is well above its trend line and the momentum has been strong since August 2010. It indicates that the multi-year up-trend is well under way.
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