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 closed mixed in this holiday-shortened week. Investors turned their attention to economy growth as February job openings declined more than expected from the Labor department's report on Tuesday. For the week, S&P 500 index went down 0.1% to 4105, Dow Jones Industrial Average gained 0.63%, while the technology laden NASDA composite index decreased 1.1%.
S&P 500 index took a break from the recent rally and formed a neutral doji candle stick pattern. The index is still above its 28 week exponential moving average and with great momentum. We think the momentum can still carry the index higher in the next few weeks.
 |
| Weekly chart of S&P 500 index |
No comments:
Post a Comment