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 HSA model portfolio: Sell CLSPX, Buy NSVAX
Trading signal occurs in ETF model portfolio: Sell IYT, Buy ILF
Trading signal occurs in sETF model portfolio: Sell IYT, Buy IEZ
Signs of progress in congress to reach an agreement on stimulus bill and rollout of Codv-19 vaccine pushed the major indices to record high while discouraging economy data in unemployment and retail sales indicated the slow down of economy recovery by the second wave of the pandemic. For the week, S&P 500 index went up 1.25% to 3709, Dow Jones Industrial Average gained 0.44% , and the technology laden NASDAQ composite index increased 3.05%.
S&P 500 index finally closed above the psychological barrier of 3700, and stays 9% above its 28 week EMA. Our market outlook stays the same: The index will likely marching higher into early next year due to positive seasonality but caution is warranted as it is too far away from its trendline.
Three trading signals occur in our model portfolios this week due to the recent surge in small cap stocks and energy sectors. So far this year, our SSPP, SELECT, FEMKX, and RSP model portfolios have handily beaten the 14.8% of S&P 500 index. Wish everyone a Happy Holiday and looking forward to another profitable year next year!
 |
| Weekly chart of S&P 500 index |
No comments:
Post a Comment