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 HSA model portfolio: Sell NSVAX. Buy FKASX.
Trading signal occurs in iETF model portfolio: Sell EWZ, Buy EWG.
Stocks held on to their gain as we closed the first quarter of 2012. The SP 500 index closed this week at 1408 up 0.81%, the Dow Jones Industrial Average gained 1.0%, while the Nasdaq composite index increased 0.77%.
Boosted by good economy data with lower jobless rate and higher consumer confidence, S&P 500 gained 12%, DJIA went up 8%, and NASDAQ composite index surged 19% for the quarter. As there is no major interruption to the economy activities in sight (except the higher energy prices as a wild card), I expect the up-trend to continue with pauses and short term technical pull backs along the way.
Even though the overall economy is chugging along, sector rotation still happens as industrial sectors gained different degree of momentum during economy cycles. During this quarter, we've seen technology and financial sectors advanced upward while housing and transport lost their steam. We also saw more turn overs in the global regions, northern European countries gained momentum while emerging markets suffered due to slow down in China. Our model portfolios except iETF, have all performed well. Hopefully economy can keep improving and we can have a good year.
No comments:
Post a Comment