Trading signal occurs in SSPP model portfolio: Sell FRESX, Buy FICDX
Trading signal occurs in ETF model portfolio: Sell EZA, Buy IGE
Boosted by solid economy data and better than expected job report, stocks went up for the short trading week. S&P 500 index closed at 1985, up 1.25%, Dow Jones Industrial Average gained 1.28%, and Nasdaq composite increase 2.0% for the week.
Energy related sectors have been very strong recently due to higher energy prices. Two trading signals were issued this week in SSPP and ETF model portfolios. In both cases, the current holdings were replaced with energy related funds: FICDX and IGE. We have hold FRESX for 87 days with 5.2% gain and have hold EZA for 52 days with 0.35% profit.
Stocks continue to trend up with high momentum. No one knows when the party will be over, but we will ride the trend up as long as we can with, of course, caution in mind. Have a happy Independence Day holiday!
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| Weekly Chart of S&P 500 Index |
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