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 EWG, Buy EWC
Better economy news and strong company earnings helped stocks rebound from their support levels. The S&P 500 index closed this week at 1313 up 2.70%, the Dow Jones Industrial Average gained 3.05%, and the technology laden Nasdaq composite index increased3.76% for the week.
There was not much change in the sector trend. The energy related sectors still hold top momentum rankings among US domestic sectors, while global regions are still struggling to find a major theme. Our holding of EWG in iETF model portfolio has dropped below 7th rank and is replaced by EWC.
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