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|There will not be a standard blog post this week, as the markets continue to melt up and attain new all-time highs, as they have done for the past two months. This week, the NASDAQ Composite had a smooth ride up gaining 2.18% with minimum volatility. The S&P 500 was up 1.65%, and DJIA was up 1.14%. New highs expanded to 478 from 380 the prior week. |
The percentage of NYSE stocks above their 200-dma rose to 71% its highest readings since February 2018, and the % above their 50-dma rose to 76.2% reaching the April 2019 level.
The BDH Dashboard is now on maximum “4”BUY Reading, as Indicator #5 issued aBuy signal on December 16, and Indicator #8 issued a BUY signal on December 29, as the
spreadsheet attached shows.
The market has had a very powerful and sustained advance since early October .At this juncture retain all 5 ETFs and have appropriate stop LIMITs in place. A full blog post will be posted after the New Year unless there isa SELL signal in the interim.
|Here is the link to dark-liquidity to see the BDH Strategy performance and current holdingsyear-to-date which are up 9.32%: Strategies – Dark-Liquidity.com|
Strategies – Dark-Liquidity.com