Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, and sETF have been posted on "Rankings", and "Trading Logs" pages, as well as in http://ycprankings.awardspace.us/RankingTables.htm.
Trading signal occurs in SSPP model portfolio: Sell FCNTX, Buy FBGRX
Trading signal occurs in HSA model portfolio: Sell MLAIX, Buy VFTAX
Trading signal occurs in SELECT model portfolio: Sell FSPCX, Buy FSRBX
Stocks continued to advance higher with Dow Jones Industrial Average and Nasdaq 100 index making record highs. Inflation data released on Friday also bolstered the investors' optimism about rate cuts next year: the Commerce Department reported that the core (less food and energy) personal consumption expenditures price (PCE) index, rose only 0.1% in November, and the headline PCE index (with food and energy) fell 0.1% in November, marking its first decline in 21 months. For the week, the S&P 500 went up 0.75% to 4754, Dow Jones climbed 0.22% and the Nasdaq advanced 1.21%.
The S&P 500 took a breather and consolidated sideways this week after a strong advancement the week before. The index is 64 points (1.34%) shy of its record high of 4818. It will be interesting to see if the index can reach an all-time high with 4 trading days left for the year.
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| The weekly chart of the S&P 500 index |
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