Trading signal occurs in SSPP model portfolio: Sell FOCPX, Buy FGRIX
Trading signal occurs in ETF model portfolio: Sell ILF, Buy IYG
Trading signal occurs RSP model portfolio: Sell 42625, Buy 05087
Stocks built on the momentum continued to march higher for the second week with small cap tockes leading the way. Positive economic data for October retail sales and housing starts also help to sustain the rally. However, the strength of economy also raises the likelihood of a December rate hike. For the week S&P 500 index closed at 2181, up 0.81%, Dow Jones Industrial Average gained 0.116% and technology laden NASDAQ composite index increased 1.61%.
Investors foresee economic policy changes as Republican gaining control of the White House, and both congressional houses after the election, and change their portfolio allocations accordingly. In the "SECLECT" and "sETF" ranking tables, we can see the banking sector fund and finance related selector funds gaining momentum and rising up fast in the rankings tables. For general growth markets funds, small cap funds are leading the way while emerging market funds are lagging behind.
S&P 500 index has managed to sustain the rally for the second week and its momentum indicator is raising as shown in the weekly chart above. We will wait for S&P 500 to break it previous high of 2193 to call the continuation of the rally.
Trading signal occurs in ETF model portfolio: Sell ILF, Buy IYG
Trading signal occurs RSP model portfolio: Sell 42625, Buy 05087
Stocks built on the momentum continued to march higher for the second week with small cap tockes leading the way. Positive economic data for October retail sales and housing starts also help to sustain the rally. However, the strength of economy also raises the likelihood of a December rate hike. For the week S&P 500 index closed at 2181, up 0.81%, Dow Jones Industrial Average gained 0.116% and technology laden NASDAQ composite index increased 1.61%.
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| Weekly chart of S&P 500 index |
S&P 500 index has managed to sustain the rally for the second week and its momentum indicator is raising as shown in the weekly chart above. We will wait for S&P 500 to break it previous high of 2193 to call the continuation of the rally.
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