Trading signal occurs in FEMKX timing system:, Sell Cash, Buy FEMKX
Positive earning reports from DuPont, Boeing, and hope for the fiscal stimulus policy after Trump's first week as president of United States boosted investors' sentiment. Dow Jones Industrial Average for the first time broke above the 20000 psychological barrier and hold it till the end of the week. For the week, S&P 500 index closed at 2294, up 1.03%, Dow Jones Industrial Average gained 1.34% while technology laden NADASQ composite index increased 1.9%.
After drifting for six weeks, S&P 500 index and its daily moment have turned higher this week. In the weekly chart, the index reached the new high and weekly momentum is still in the extreme elevated state. The up trend looks to be intact but caution is warranted as the index is 4.5% above it tend line and I think we are at the top end of the rising trading channel.
A trading signal occurs in FEMKX timing system, as its momentum indicator climbed above 50, the threshold for a "buy" signal, from below. After 3 months at the side line, we will see how the system performs this time around.
Positive earning reports from DuPont, Boeing, and hope for the fiscal stimulus policy after Trump's first week as president of United States boosted investors' sentiment. Dow Jones Industrial Average for the first time broke above the 20000 psychological barrier and hold it till the end of the week. For the week, S&P 500 index closed at 2294, up 1.03%, Dow Jones Industrial Average gained 1.34% while technology laden NADASQ composite index increased 1.9%.
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| Weekly chart of S&P 500 index |
After drifting for six weeks, S&P 500 index and its daily moment have turned higher this week. In the weekly chart, the index reached the new high and weekly momentum is still in the extreme elevated state. The up trend looks to be intact but caution is warranted as the index is 4.5% above it tend line and I think we are at the top end of the rising trading channel.
A trading signal occurs in FEMKX timing system, as its momentum indicator climbed above 50, the threshold for a "buy" signal, from below. After 3 months at the side line, we will see how the system performs this time around.
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