Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/
Market was affected not by economy new but by political development in the middle east and the earthquake and tsunami hitting Japan early Friday morning. Technically, I think the market is due for a consolidation or a correction. Stocks ended this week on the downside, the S&P 500 index closed this week at 1304 down 1.28%, the Dow Jones Industrial Average fell 1.03%, and the technology laden Nasdaq composite index lost 2.48% for the week.
While the overall market is heading toward consolidation or maybe even a correction, there was no change in sector leadership and regional leadership. Energy related sectors still dominate the SELECT and sETF ranking tables while Canada and west European countries are still leading the pack in iETF ranking table.
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