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 ETF model portfolio: Sell EWW, Buy IYT.
Stocks consolidated for the second week. S&P 500 index closed the week at 1519, up 0.12%, Dow Jones Industrial Average lost 0.08%, and Nasdaq composite decreased 0.06% for the week.
With stocks in consolidation mode, there are some sector rotations going on. Financial sectors are down, while transportation and energy related sectors are up, and US domestics markets are outperforming Global regions. In ETF ranking table, Mexico index (EWW) has been pushed below rank 10 and is replaced with current number one rank fund, Dow Jones Transportation Average (IYT), in ETF model portfolio.
1 comment:
Great take on things.
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