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 SSPP model portfolio: Sell FIEUX, Buy FDVLX.
Stock marching higher as US economy created 236,000 jobs in February and unemployment rated fell to 7.7%. S&P 500 index closed the week at 1551, up 2.17%, Dow Jones Industrial Average gained 2.18%, and Nasdaq composite increased 2.35% for the week.
After four 4 weeks of consolidation, S&P 500 index broke out on the up side and got closer to the pre-crash '2007 high of 1575. As the index is at the top of its rising channel again and the rally is almost 4 month old, caution is warranted. In the SSPP ranking table, Fidelity Europe Fund (FIEUX) has been pushed down outside the top 7 ranked funds, which initiated a trading signal in our SSPP model portfolio to replace FIEUX with the current top ranked fund, FDVLX.
1 comment:
Nice look at the markets.
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