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.
U.S. stocks closed lower during this holiday-shortened week, with major indices generating impressed double-digit gains for 2025. For the week, the S&P 500 fell 1.03% to close at 6858, the Dow Jones Industrial Average decreased 0.67%, and the Nasdaq Composite index slumped 1.52%.
After reaching an all-time high last week, the S&P 500 index retreated and went sideways this week. Key levels to watch include the 6920 resistance mark—a successful breakout and hold above this level would signal continued bullish momentum. Conversely, if the index continues to soften, we expect it to test support at the 28-week EMA, currently positioned at 6575.
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| The weekly chart of the S&P 500 index |
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