In the weekly chart, S&P 500 index is still struggling around the 2000 level waiting for breakout. On the down side, a short term support around 1950- 1960 level can provide some buying opportunity if the rally holds.
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| Weekly chart of S&P 500 index |
Weekly stock market commentary and momentum rankings of ETFs and mutual funds.
Fund Rankings Update, 9/12/2014
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 no major economic data weighing in on the markets, stocks finally took a break after gaining for five weeks. S&P 500 index fell below 2000 level and closed at 1985, down 1.1%. Dow Jones Industrial Average lost 0.87%, and Nasdaq composite index decreased 0.33% for the week.
In the weekly chart, S&P 500 index is still struggling around the 2000 level waiting for breakout. On the down side, a short term support around 1950- 1960 level can provide some buying opportunity if the rally holds.
In the weekly chart, S&P 500 index is still struggling around the 2000 level waiting for breakout. On the down side, a short term support around 1950- 1960 level can provide some buying opportunity if the rally holds.
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