Trading signal occurs in sETF model portfolio: Sell JXI, Buy IGV
 |
| Weekly chart of S&P 500 index |
Weekly stock market commentary and momentum rankings of ETFs and mutual funds.
Fund Rankings Update, 2/22/2019
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 sETF model portfolio: Sell JXI, Buy IGV
Stocks advanced for the ninth weeks, the longest streak in the past 20 years, amid slower business investment and Fed's dovish posture on interest rate hikes. Indication of progress in US-China trade negotiation also helped boosting investors sentiment. For the week, S&P 500 index closed at 2792 up 0.61%, Dow Jones Industrial Average gained 0.57% and technology laden NASDAQ composite index increased 0.74%
Technical pattern of S&P 500 index stays the same as last week. The index is above its trend line with high momentum. We may see the index to fall back testing its support but expect the rally to continue.
Trading signal occurs in sETF model portfolio: Sell JXI, Buy IGV
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment