iEF and sETF ranking update, 2/24/2009
Rankings of Average Momentum Index(AMI) for iETF and sETF have been posted at : http://yechen.pan.googlepages.com/
Fund Rankin Update, 2/20/2009
Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
Stocks dropped sharply this week due to pessimism and uncertainty about the future of the U.S. economy. The S&P 500 index closed this week at 770, down 6.9%, the Dow Jones Industrial Average fell 6.1% and the NASDAQ composite index went down 6%. As indicated in the chart below, the S&P 500 index has fell below its November low of 800. Since the 800 support level has been broken, we going to see further deterioration in stock market.
Stocks dropped sharply this week due to pessimism and uncertainty about the future of the U.S. economy. The S&P 500 index closed this week at 770, down 6.9%, the Dow Jones Industrial Average fell 6.1% and the NASDAQ composite index went down 6%. As indicated in the chart below, the S&P 500 index has fell below its November low of 800. Since the 800 support level has been broken, we going to see further deterioration in stock market.
iEF and sETF ranking update, 2/17/2009
Rankings of Average Momentum Index(AMI) for iETF and sETF have been posted at : http://yechen.pan.googlepages.com/
Fund Rankin Update, 2/13/2009
Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
iEF and sETF ranking update, 2/10/2009
Rankings of Average Momentum Index(AMI) for iETF and sETF have been posted at : http://yechen.pan.googlepages.com/
Fund Rankin Update, 2/06/2009
Weekly Average Momentum Index (AMI) rankings of SSPP, nSSPP, SELECT, ETF have been posted at: http://yechen.pan.googlepages.com/
S&P 500 index closed this week at 868, up 43 point, in spite of the bad Januray job report and company earnings. It seems that the price level has been held and the STO is moving up . We may see a short term rally from here. However, it most likely will be a weak rally in this vicious bear market condition if that happens.
S&P 500 index closed this week at 868, up 43 point, in spite of the bad Januray job report and company earnings. It seems that the price level has been held and the STO is moving up . We may see a short term rally from here. However, it most likely will be a weak rally in this vicious bear market condition if that happens.
iEF and sETF ranking update, 2/3/2009
Rankings of Average Momentum Index(AMI) for iETF and sETF have been posted at : http://yechen.pan.googlepages.com/
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