Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, as well as in http://ycprankings.awardspace.us/RankingTables.htm.
Trading signal occurs in SELECT model portfolio: Sell FSELX, Buy FSPTX
Hope for containment coronavirus outbreak and expectation of Fed reducing interest rate push stocks to record high. For the week, S&P 500 index climbed 1.58% to 3380, Dow Jones Industrial Average gained 1.02% , and the technology laden NASDAQ composite index increased 2.21%.
S&P 500 index advanced to record high of 3380 and is 7.7% above its 28 week moving average. Even S&P 500 is making new high, we still remain cautious because of its high valuation.
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| Weekly chart of S&P 500 index |
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