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 FEMKX timing model: Sell Cash, Buy FEMKX
Stocks boosted by good job report continued their march upward. The S&P 500 index closed this week at 1332 up 1.42%, the Dow Jones Industrial Average gained 1.28%, and the technology laden Nasdaq composite index increased 1.7% for the week.
After staying at the side line for 2 months, our FEMKX timing model has issued a buy signal again. The FEMKX timing model is different than the momentum ranking system. It uses the technical indicator, slow STO[15,1], as trading signals. The model will buy FEMKX when its slow STO[15,1] climbs above 50, hold the fund for at least 30 days and sell the fund if its slow STO[15,1] falls below 75. The trading record of FEMKX timing model can be seen in the Select_Log page. In the weekly chart of FEMKX below, we can see that after we sold FEMKX at the end of January, the fund has successfully tested the support (tend line) 3 times and recently broke the previous high of $26.64. In addition, its slow STO[15,1] shot up from 39 to 65 this week. This price action and the upswinging momentum bode well for a bullish argument for FEMKX.
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