Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Stock markets were greatly influenced by whether progress has been made in negotiation to avoid "Fiscal Cliff." The index closed the week at 1416, up 0.5%. Dow Jones Industrial Average gained 0.12%, and Nasdaq composite increased 1.46%.
As US markets are focusing on the outcome of the "Fiscal Cliff" negotiation, global markets have gaining momentum. More and more international funds in European regions and Pacific rim area have higher AMIs than US sector funds. In the US, housing and construction sector is still holding the top rank, but automotive, air transportation and retail sectors are coming up strong.
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