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.
Trading signal occurs in sELECT model portfolio: Sell FSELX, Buy FSRPX
Trading signal occurs in iETF model portfolio: Sell EWY, Buy EZA
Trading signal occurs in FEMKX timing system: Sell Cash, Buy FEMKX
Stocks went up for the third week with higher daily volatility driven by company earning reports. Most economists agree that the economic growth will continue with interest rate slowly rising while geopolitical tension, and changes in fiscal and trade policies may disrupt the market this year. For the week, S&P 500 index closed at 2810, up 0.86%, Dow Jones Industrial Average gained 1.04% and technology laden NASDAQ composite index increased 1.04%.
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| Weekly chart of S&P 500 index |
With strong momentum, S&P 500 index is riding higher and higher as seen in the weekly chart. Sector rotation can also be seen in the SELECT AMI ranking table. Retail and Energy Sectors have gained much momentum in recently weeks while utility sector was left behind. Several trading signals were issued this week due to this sector rotation and market strength.
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