Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
Even the collapse of Apple's stock price after disappointing iPhone 5 sales last quarter, did not stop general stocks to continue making new high. SP 500 index closed the week at 1502, up 1.14%, Dow Jones Industrial Average gained 1.8%, and Nasdaq composite increased 0.48%.
S&P 500 index is right at the psychological barrier of 1500. With strong momentum on its back, the index should have no problem breaking the resistance and continue its march.
1 comment:
Apple is a very over valued stock.
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