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 SSPP model portfolio: Sell FDVLX, Buy FRESX
Stocks edged up higher in this holiday shorten trading week. Large cap growth stocks outperformed small caps for the second weeks and the interest rate sensitive real estate sector led the gain as long term treasury yields fell sharply. For the week, S&P 500 index went up 0.4% to 4369, Dow Jones Industrial Average gained 0.24%, and the technology laden NASDAQ composite index increased 0.43%.
A trading signal was issued in SSPP model portfolio this week to sell FDVLX and buy into FRESX as real estate sector has been gaining momentum in the last three months and the value stocks loosing the steam. The model portfolio has held FDVLX for 123 days with a gain of 10%.
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| Weekly chart of S&P 500 index |
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