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 sETF model portfolio: Sell IDU, Buy ITB.
Economy added more than 200,000 jobs in December exceeded market expectation, and the unemployment rate fell to 8.3%. As economy picking up steam, so is investors' confidence. All Major indexes ended the week higher than last week. SP 500 index closed this week at 1277 up 1.61%, the Dow Jones Industrial Average gained 1.17%, and the Nasdaq composite index increased 2.65%.
Following the footstep of SELECT model portfolio, the sETF model portfolio issued a signal to move position from defensive utility sector (IDU) to a more aggressive housing/construction sector(ITB). The weekly chart below shows its upward price movement and high momentum indicator.
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