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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, 6/8/2018
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 continued to advance higher encouraged by strong economic data showing expansion in manufacturing and services sectors. For the week, S&P 500 index closed at 2779 up 1.62%, Dow Jones Industrial Average gained 2.77% and technology laden NASDAQ composite index increased 1.21%.
S&P 500 index climb higher after breaking short term resistance at 2750. we have discussed in the past three weeks that the index is resuming its upward movement and trending higher with a moderate speed. As its momentum is growing higher, we expect the rally to continue for the next few weeks.
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