Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/
Stocks were mostly flat this week. The S&P 500 index closed this week at 1328 down 0.32%, the Dow Jones Industrial Average gained 0.03%, and the technology laden Nasdaq composite index decreased 0.33% for the week.
Technically, S&P500 index is still hovering above the trend line in the weekly chart, and its momentum indicator has climbed back above 80 after went down to 70 two weeks ago. It looks like the index is moving side way before it breaks above the previous high of 1343.
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