The Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, and sETF have been posted on the "Rankings" and "Trading Logs" pages.
Trading signal occurs in the HSA model portfolio: Sell RIGGX, Buy MLAIX
Stocks picked up steam to march higher with the S&P 500 index and the Nasdaq Composite index both achieving new all-time highs. Positive sentiments were supported by the announcement of trade deals with Japan, Indonesia, and the Philippines. For the week, the S&P 500 gained 1.46% to close at 6388, the Dow Jones Industrial Average rose 1.26%, and the Nasdaq Composite advanced 1.02%.
The S&P 500 index has decisively broken its three-week consolidation pattern, surging to yet another record high. With strong positive momentum, the index appears poised to continue its upward trajectory, setting its sights on the 6500 target.
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| The weekly chart of the S&P 500 index |
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