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.
Stocks closed mixed for the holiday-shortened week. The economic data released during the week were mixed as well The durable goods rose 1.4% in February more than expected while consumer confidence ticked down slightly in March. For the week, the S&P 500 climbed 0.39% to 5254, the Dow Jones Industrial Average increased 0.84% while the Nasdaq composite index went down 0.3%.
As the S&P 500 index stays above its 28-week exponential moving average with extreme deviation, it starts to go side way more often. We welcome this healthy side-way consolidation to digest the lofty gain since the beginning of the year.
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| The weekly chart of the S&P 500 index |
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