Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/
Trading signal occurs in SELECT model portfolio: Sell FSCHX, Buy FSAVX.
Cold weather chill investors' mood this week. Stocks ended up mixed this week due to mixed earning reports. The S&P 500 index closed this week at 1283 down 0.76%, the Dow Jones Industrial Average increased 0.72%, and the technology laden Nasdaq composite index lost 2.39% for the week.
We have see profit taking this past week and most of the stocks ended down more than the major indexes. Next week, a quarter of the S&P 500 and half of the DOW stocks will report their quarterly earnings. Some companies reported strong earnings this past week but still see their stocks went down, so I expect that the profit taking action will continue next week. This rally has last for a while and need to take a break. Since we are in a multi-year up trend, any pull back will provide good entry point.
As of this morning, the servers at awardspace.com are still not back online. I have moved the pages to other hosting provider. The rankings tables and the trading logs should be up and viewable.
GM has changed the name of its 401k plan to RSP (Retirement Saving Plan), so I have changed the name of the nSSPP ranking table and trading log accordingly to reflect the change as well.
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