China surprised the financial markets by cutting interest rate, the first in two year, to avoid hard landing in its economy. Investors appeared to welcome the stimulus measure and pushed the major indices higher. S&P 500 index closed at 2063, up 1.16%. Dow Jones Industrial Average gained 0.99%, and Nasdaq composite index increased 0.52%.
Weekly stock market commentary and momentum rankings of ETFs and mutual funds.
Fund Rankings Update, 11/21/2014
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.
Trading signal occurs in FEMKX model portfolio: Sell Cash, buy FEMKX.
China surprised the financial markets by cutting interest rate, the first in two year, to avoid hard landing in its economy. Investors appeared to welcome the stimulus measure and pushed the major indices higher. S&P 500 index closed at 2063, up 1.16%. Dow Jones Industrial Average gained 0.99%, and Nasdaq composite index increased 0.52%.
China surprised the financial markets by cutting interest rate, the first in two year, to avoid hard landing in its economy. Investors appeared to welcome the stimulus measure and pushed the major indices higher. S&P 500 index closed at 2063, up 1.16%. Dow Jones Industrial Average gained 0.99%, and Nasdaq composite index increased 0.52%.
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