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 flat after 2 weeks of rebound with major indices ended the week mixed. Investor sentiment was largely affected by the evolving situation in the Russian-Ukraine war. On the economic front, the March nonfarm payroll report showed that US created 431K jobs below the expectation of 490K but the jobless rate fell a bit more than expected to 3.6%. For the week, S&P 500 index went up 0.06% to 4545, Dow Jones Industrial Average lost 0.12%, and the technology laden NASDAQ composite index increased 0.65%.
S&P 500 index broke the 4600 level intra week but closed below this second step resistance to resume its up-trend. As the momentum indicator STO[15,1] is trending upward and the index is above its 28 week EMA, there is a high likelihood that the index will continue to march upward to break its record high.
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| Weekly chart of S&P 500 index |
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