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 SSPP model portfolio: Sell FIUIX, Buy FRESX
Trading signal occurs in iETF model portfolio: Sell CASH, Buy IOO.
Stock market has a good start so far for the year with major indexes going up for the third week. Tech company earnings announcements this week have been strong, with Intel, IBM and Microsoft beating street expectation despite Google's miss. SP 500 index closed this week at 1315 up 2.04%, the Dow Jones Industrial Average gained 2.4%, and the Nasdaq composite index increased 2.8%. We are in the midst of earning report season. Apple, Yahoo, Ford, McDonald, and Netflix are due to report their quarterly earnings next week. It will be interesting to see how markets react to them.
With the trading signals this week, our model portfolios are all in offensive positions. US market and its sectors have been strong for a while and the international regions which have been lagging the US are turning around. There is quite a room to grow if we can sustain the momentum through out the year.
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