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 occcurs in Select model portfolio: Sell FSHOX, Buy FSAIX.
Trading signal occcurs in iETF model portfolio: Sell EWO, Buy EWD.
Fiscal crisis in Cyprus reminds investors that European debt problem has not gone away. The fact that banks planned to charge 10% fee on deposits spooked the investors around the world. S&P 500 index closed the week at 1556, down 0.24%, Dow Jones Industrial Average lost 0.01%, and Nasdaq composite decreased 0.13% for the week.
While S&P 500 index tried to break its record high of 1575, sector rotation is quietly underway. Transportation and Biotec sectors are gaining momentum and climbing up in the ranking tables. In Select model portfolio, a trading signal occurs to sell FSHOX and buy FSAIX due to rank change. In global regions, Japan has moved up a lot this year in the iETF ranking table due to its easy fiscal policy. A trading signal also occurs in iETF model portfolio to sell EWO and buy EWD. Overall, the performance of oversee markets has lagged behind the US markets as US economy recovery is on a stronger footing.
1 comment:
Some excellent material on funds. The universe of Exchange traded funds continues to expand all the time.
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