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.
Investors' sentiment were pressured by trade tension between US and its major trading partners. Trump administration is drawing up another 200 billion of Chinese goods for increased tariff, and on Friday, President Trump warned European Union about slapping 20% tariff on European auto imports. For the week, S&P 500 index closed at 2754 down 0.89%, Dow Jones Industrial Average lost 2.03% and technology laden NASDAQ composite index decreased 0.69%.
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| Weekly chart of S&P 500 index |
Weekly Momentum indicator, STO, of S&P 500 index has entered the over bought area for two weeks. The index has come down a bit after indecision last week, as shown in the weekly chart above. Technically, the index looks to continue its slow upward pace even with negative impact from political/economic front.
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