Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Worries about China's slow down and the impact of higher oil prices dampened the mood in stock markets. The SP 500 index closed this week at 1397 down 0.5%, the Dow Jones Industrial Average lost 1.15%, while the Nasdaq composite index increased 0.41%.
There is no change in the overall market direction. The price movement and momentum of S&P 500 index stays the same as last week. For the US industrial sectors, the financial and technology are the top sectors with strongest momenta. The global regions still lagging behind US in general. Germany is holding the top rank in iETF ranking table while Belgium is catching up fast. With China's slow down in sight, Hong Kong, pacific region and even emergent markets are feeling the impact.
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