Trading signal occurs in sETF model portfolio: Sell IGN, Buy IAT
As Fed raised interest rate by 0.25% and anticipated three rate hikes in 2017, stocks took a pause to digest the news. The Fed's decision about the rate hikes indicated that the economy is strong enough but may be overheated next year by the incoming administration's pro business policies. For the week, S&P 500 index closed at 2258, down 0.06%, Dow Jones Industrial Average gained 0.44% and technology laden NADASQ composite index decreased 0.13%.
With sETF model portfolio changes its position from IGN to IAT, we have all our ranking model portfolios heavily weighted to finance sectors or small cap funds, which is consistent with the market trend. The technical picture of the general market remains the same and we expect the rally to continue.
As Fed raised interest rate by 0.25% and anticipated three rate hikes in 2017, stocks took a pause to digest the news. The Fed's decision about the rate hikes indicated that the economy is strong enough but may be overheated next year by the incoming administration's pro business policies. For the week, S&P 500 index closed at 2258, down 0.06%, Dow Jones Industrial Average gained 0.44% and technology laden NADASQ composite index decreased 0.13%.
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| Weekly chart of S&P 500 index |
With sETF model portfolio changes its position from IGN to IAT, we have all our ranking model portfolios heavily weighted to finance sectors or small cap funds, which is consistent with the market trend. The technical picture of the general market remains the same and we expect the rally to continue.
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