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 TGVAX, Buy NAMAX.
S&P 500 index and Nasdaq edged out small gain to extend their sixth week winning streak while Dow Jones index failed to break its 1400 psychological barrier and ended up with a losing week. S&P 500 index closed the week at 1517, up 0.31%, Dow Jones Industrial Average lost 0.12%, and Nasdaq composite increased 0.46% for the week.
As shown in the weekly chart below, there is not change in the technical picture of S&P 500 index. We may see some consolidation but the rally will continue.
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