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.
Stocks advanced upward encouraged by positive company earning reports and employment report that US added 943K jobs in June well above expectation. For the week, S&P 500 index went up 0.94% to 4436, Dow Jones Industrial Average gained 0.78%, and the technology laden NASDAQ composite index increased 1.11%.
S&P 500 index continued its same upward trajectory with elevated momentum as shown in the weekly chart below. Our positive short term outlook of the stock market stays the same as previous few weeks.
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| Weekly chart of S&P 500 index |
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