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 indices rebounded this week to reach closely their record highs as the fear of COVID omicron variant abated and the jobless claims reached the all time low. S&P 500 index went up 3.82% to 4712, Dow Jones Industrial Average gained 4.02%, and the technology laden NASDAQ composite index increased 3.61% for the week.
S&P 500 index rebounded from the trendline support to keep the uptrend alive. As the index tries to get back to its upper trading channel with lower momentum, we maintain our positive outlook with caution for the next few weeks.
 |
| Weekly chart of S&P 500 index |
No comments:
Post a Comment