Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Ease of Greece debt crisis and the surprising good US manufacturing data in June gave the over sold market reasons to rally. The S&P 500 index closed this week at 1339 up 5.61%, the Dow Jones Industrial Average gained 5.43%, and the Nasdaq composite index increased 6.15%. It is a good sign that all the three major indexes climbed above their trend lines and their momenta are turning upwards. Hopefully this signals the end of the correction and stock market will go back to its upward trajectory.
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