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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, 7/28/2017
Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, and http://ycprankings.awardspace.us/RankingTables.htm.
Stocks were flat this week. US GDP increased 2.6% for the second quarter, slightly lower than expectation but better than the 1.2% growth from the first quarter as economy picking steam. Energy stocks out performed other sectors as oil prices surged almost ten percent last week. In contrast to last week, only DJIA among major indices reached the new high. For the week, S&P 500 index closed at 2472, down 0.02%, Dow Jones Industrial Average gained 1.16% and NASDAQ composite index decreased 0.2%.
Our outlook remains positive for general stock markets as S&P 500 index continues to move upwards above its 28 week moving average with high momentum.
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