Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Just I said last week that Santa is not coming to Wall Street, miracle happened. SP 500 index went up four straight days and closed this week at 1265 up 3.74%, the Dow Jones Industrial Average gained 3.60%, and the Nasdaq composite index increased 2.48%.
Without a clear market direction, most of our holdings in the model portfolios are in funds with defense natures. However, US economy growth, albeit slow, is currently leading the the global economy. From SELECT ranking table, we can see quite a few industrial sectors with positive momentum indicators. Our current holding, FSHOX, still hold the number one rank and has stayed there for four weeks. Its weekly chart shows that the price is above the trend line and is gaining momentum. Hopefully this trade will turn into a profitable one.
Merry Christmas and Happy New Year!
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