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 iETF model portfolio: Sell EWT, Buy EWG.
Stocks went up for the third week. The S&P 500 index closed this week at 1343 up 1.04%, the Dow Jones Industrial Average increased 0.96%, and the technology laden Nasdaq composite index gained 0.87% for the week.
Small cap, and energy related sectors are leading the way in the US markets, while Korea, and Taiwan lost their shine in global regions and replaced by Germany and Austria. Stocks in global regions still underperformed their US counterparts. Comparing the weekly charts of S&P500 index and FEMKX, we can see that S&P 500 index is still in the up trend with high momentum while FEMKX has been in the consolidation mode with falling momentum since last November.
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