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 were mostly flat for the week with growth stocks outperformed value stocks. Positive economy data in October retail sales and manufacturing activity were balanced out by fear of high inflation data and rise in covid cases in some regions. For the week, S&P 500 index went up 0.32% to 4697, Dow Jones Industrial Average lost 1.38%, while the technology laden NASDAQ composite index increased 1.24%.
Technical picture of S&P 500 index remains the same as the index is consolidating along the upper end of the rising channer.
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| Weekly chart of S&P 500 index |
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