Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Upward momentum kept stocks moving higher. The SP 500 index closed this week at 1361 up 1.38%, the Dow Jones Industrial Average gained 1.16%, and the Nasdaq composite index increased 1.65%.
All the major indexes are at the top of their resistance levels. Judging from how the stocks behaved recently, it is a matter of time that they will break though these levels. For US sectors, technology and automotive are coming on strong for the past week, while biotech and construction are still holding the top ranks. In the global regions, India is moving up fast while Brazil is holding the top rank for the third week in iETF ranking table.
For readers who are interested in the past rankings and like to do their own studies, I have posted the past ranking history in the google docs. They can be accessed from links:
WeeklRank_Archive_2011 - https://docs.google.com/
WeeklRank_Archive_2010 - https://docs.google.com/
WeeklRank_Archive_2009 - https://docs.google.com/
WeeklRank_Archive_2008 - https://docs.google.com/
WeeklRank_Archive_2007 - https://docs.google.com/
WeeklRank_Archive_2006 - https://docs.google.com/
WeeklRank_Archive_2005 - https://docs.google.com/
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