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 SELECT model portfolio: Sell FDLSX, Buy FSLXX.
Trading signal occurs in ETF model portfolio: Sell EWJ Buy CASH.
Trading signal occurs in iETF model portfolio: Sell EWM Buy CASH.
President Obama's plan failed to jolt the stock markets while European debt crisis is still haunting investors. The S&P 500 index closed this week at 1154 down 1.68%, the Dow Jones Industrial Average lost 2.21%, and the Nasdaq composite index decreased 0.5%.
Our model portfolios have either moved to income oriented funds or to cash position due to negative AMI's. In this kind of market conditions, defensive positions will let you sleep better at night. We just have to patiently wait for the market uptrend to comeback.
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