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 JLVIX, Buy TGVAX.
Trading signal occurs in iETF model portfolio: Sell EWH, Buy EWO.
New year brings new hope. Congress passed the limited tax deal to avoid the fiscal cliff on January 1, and stocks had a big rally the next day. S&P 500 index closed the first trading week of the year at 1466, up 4.57%. Dow Jones Industrial Average gained 3.84%, and Nasdaq composite increased 4.77%.
As shown in the weekly chart below, S&P 500 index is gaining momentum and the trending upward. The rally is expected to continue for a while. Cyclical sectors such as automotive and transportation have been strong due to stable energy prices and brighter economy outlook. In the international front, China is recovering and Europe's debt crisis seems to be under control for now. Let's hope 2013 be a good year for stock markets.
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