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 ended the week mixed as positive investor sentiment from lower inflation data weighed on by worries of looming recession likelihood due to overtightening from the FED. For the week, S&P 500 index went down 0.66% to 3972, Dow Jones Industrial Average lost 2.7%, and the technology laden NASDAQ composite index increased 0.55%.
S&P 500 index retreated this week but still stay above its 28 week EMA. As the index is gaining momentum shown in the weekly chart below, it is likely that the index will climb higher above its previous high resistance of 4100 in the next few weeks.
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| Weekly chart of S&P 500 index |
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