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.
Major stock indices ended flat again this week. The positive sentiment due to economy rebound and strong quarterly company earnings was offset by concern about rising interest rate. For the week, S&P 500 index went up 0.02% to 4181, Dow Jones Industrial Average lost 0.5%, and the technology laden NASDAQ composite index decreased 0.39%.
S&P 500 index consolidated horizontally for the second week. This staircase arise is the preferable price movement that we would like to see for sustainable advance. Our cautiously positive outlook remains the same as last week.
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| Weekly chart of S&P 500 index |
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