and
HSA Ranking Table
SSPP Ranking Table
New SSPP (RSP) Ranking Table
Select Ranking Table
ETF Ranking Table
sETF Ranking Table
iETF Ranking Table
SSPP, RSP and HSA Trading Logs
Select and FEMKX Trading Logs
ETF, sETF and iETF Trading Logs
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As concern for Fed's early exit of easy money policy subsided and economy data showed increase of consumer purchase and order for durable goods in May, investors jumped back into the market and picked up the undervalued stocks due to the market sell-off in the past two weeks. For the week, S&P 500 index closed at 1606, up 0.87%, Dow Jones Industrial Average gained 0.74%, and Nasdaq composite increased 1.37%.
On Monday, S&P 500 index hit the intraday low of 1560, near the support level I mentioned last week, and bounded back at 1573, which ignited the 3 day rally with the aid of good economy data. In the weekly chart of S&P 500 index below, one can see the index bounced off the 28 week moving average and closed the week with a white candle stick. It is a positive sign that the index has stopped its downward spiral and managed to stay above the trend line. For the correction to be over, I would like to see the momentum indicator turning around and the volatility reduced further. This may take another 2 or 3 weeks.
Weekly Chart of S&P 500 index
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