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 ETF model portfolio: Sell IYE, Buy IBB.
Trading signal occurs in sETF model portfolio: Sell IEZ, Buy IHF.
Trading signal occurs in FEMKX model portfolio: Sell FEMKX, Buy CASH.
With dollar gets stronger, the emergent markets and commodity markets faltered. US stock market, on the other hand, fared better. The S&P 500 index closed this week at 1337 down 0.18%, the Dow Jones Industrial Average lost 0.34%, while the technology laden Nasdaq composite index increased 0.03% for the week.
This week with the volatility in oil prices, we've seen the money rotated out of the oil related sectors into healthcare/biotech sectors and trading signals were issued in ETF and sETF model protfolios respectively. The stronger dollars also caused the momentum indicator of FEMKX to drop down to 71, below the selling threshold of 75 and a sell signal is issued for FEMKX timing model.
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