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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, 8/24/2018
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 advanced to record high with tech and energy sector leading the ways. Strong economic fundamental out weighed the political turmoil at the White House. For the week, S&P 500 index closed at 2874 up 0.86%, Dow Jones Industrial Average gained 0.47% and technology laden NASDAQ composite index increased 1.66%.
After four weeks of attempts to break the short term resistance at 2850, S&P 500 finally overcame the resistance decisively and closed at a record high of 2874. As the resistance level is been taken down, we expect the index to keep climbing higher.
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