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 FEMKX timing system: Sell Cash, Buy FEMKX
Major indices ended the week a bit higher in this holiday shorten week. Trading volume was still light with energy related stocks outperformed general markets. US added 559K jobs in May less than expected but the unemployment rate ticked down from 6.1% to 5.8%. Bond rate fell back after the May job report indicating that investors expect Fed's monetary policy to remain accommodating. For the week, S&P 500 index went up 0.61% to 4229, Dow Jones Industrial Average gained 0.66%, and the technology laden NASDAQ composite index increased 0.48%.
S&P 500 index has gone side way for 7 weeks waiting for NASDAQ to break above the resistance at 1400. In the mean time, our FEMKX timing system, which has been a reliable indicator for market timing, has issued a buy signal as its momentum indicator STO[15,1] climbed above 50 shown in the weekly chart below. In the weekly chart, we can see FEMKX successfully tested its 28 week EMA in early May and broke above its resistance at 48 this week heading toward the previous high of $51.4. Readers can go to the trading log page to see the past performance of FEMKX timing system, and we are looking forward to see how this buy signal perform in the future.
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| Weekly chart of S&P 500 index |
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| Weekly chart of FEMKX |
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