Fund Rankings Update, 6/6/2014

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at "Rankings", "Trading Logs" pages, and  http://ycprankings.awardspace.us/RankingTables.htm.


With European Central Bank (ECB) started to ease its money policy and good US economy data, stocks propelled to new high. S&P 500 index closed at 1949, up 1.34%, Dow Jones Industrial Average gained 1.24%, while Nasdaq composite increased 1.86% for the week.   

Stocks continue to gain momentum. S&P 500 index and Nasdaq composite are expected to advance higher. Next resistance level for S&P 500 index is the psychological barrier of 2000 and for NASDAQ, the previous high of 4370.  

Weekly Chart of S&P 500 Index

Weekly Chart of NASDAQ Composite Index