Stocks resume its steady march this past week. S&P 500 index closed at 1962, up 1.38%, Dow Jones Industrial Average gained 1.02%, and Nasdaq composite increase 1.33% for the week.
Although the short term pulled back to support level did not happened this past week and all Major indices advanced to new highs, S&P 500 is a couple of percentage away from its resistance of 2000 and Nasdaq is right at its resistance of 4370. Consolidation or temporary pause is expected in the next couple of weeks.
This week is the 10th anniversary of this blog site. The ranking posts started on June 18, 2004 with two AMI ranking tables: SSPP and SELECT, and were originally posted on Yahoo's site. Over the years, the rankings tables were expanded to include HSA, RSP, ETF, sETF and iETF. During this 10 years, we have experienced booming market between 2005 - 2008, great recession in 2008 - 2009, market recovery between 2009 - 2012, and the bull market since 2012. It even surprises me that I have not missed one week of posting. At the end, the performance of SSPP and SELECT hold up pretty well compared with the general market performance. Thanks you all for reading the posts in the past and hope you keep supporting this blog site.
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| Weekly chart of S&P 500 index |
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| S&P 500 Index: 10 Year Monthly Chart |
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