December 27, 2019 — Market Continues to Make New Highs

(88 unread) – lesmasonson@yahoo.com – Yahoo Mail – BDH Blog Post December 29, 2019

There will not be a standard blog post this week, as the markets continueto melt up and attain new all-time highs, as they have done for the past two months, but ata more subdued pace. This week, the NASDAQ Composite had a smooth ride up gaining 0.91% withminimum volatility. The S&P 500 was up 0.58% while the DJIA gained 0.67%. Surprisingly the numberof new 52-week NYSE highs decline to 380 from 478 the prior week. 
The percentage of NYSE stocks above their 200-dma remained at 71%, its highest readingsince February 2018,  and the % above their 50-dma remained at 76.2% for the second weekin a row reaching the April 2019 level.
The BDH Dashboard remains on maximum “4”BUY Reading as of 12/19/2019.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 on  January 4 or 5th.
Here is the link to dark-liquidity to see the BDH Strategy performance and current holdingsyear-to-date which are up 9.67%.  Note that there is sometimes a discrepancy betweenthe Strategies listing which in at 9.67% and the BDH listing with the portfolio of 6.04%.  The formernumber is correct and the website owner has been notified of this continued problem: http://dark-liquidity.com/index.php/strategies/

Les

Leslie N. Masonson, MBA, CCM, is President of Cash Management Resources, a financial consulting firm that he founded in 1987. He is an ETF Strategist and currently actively trades ETFs on a daily basis Masonson’s 47-year working career has spanned financial advisory services, trading, investing, banking operations management, teaching, and cash/treasury management consulting. He was a Financial Advisor for six years offering investment management services to retail clients. Much earlier, he worked at three large banks for a total of 17 years as a Vice President at Citibank, an Assistant Vice President at Bank of America, and an Assistant Secretary at Irving Trust Company. He has written more than 140 articles – interviews with traders, software product and book reviews – for numerous financial publications including Technical Analysis of Stocks & Commodities (TASC), Active Trader, SFO and Futures magazine, as well as on Amazon. He has lectured on investing on several cruise lines including Crystal, Celebrity, and Norwegian. In November 2003, he spoke at the Intershow Online Investor’s Expo, on “Successfully Trading Stocks for a Living.” As of September 2016, he has been the ETF Columnist for TASC. Masonson has been researching and investing in the stock market for 60 years. He has invested in mutual funds, stocks, options, futures, ETFs, and commodities. Masonson has read more than 625 books on investing and trading, and he is proficient in technical analysis. He has used many investing and trading software programs over the years, including Telescan, OmniTrader, DTN, TradeStation, ULTRA, VectorVest, High Growth Stock Investing, TheWizard, and ETFReplay.com, as well as many brokerage charting programs including Fidelity Active Trader, Think or Swim, Interactive Brokers Trader Workstation, and Schwab’s StreetSmart Edge. He has been interviewed on business radio stations, as well as on cable TV on the Financial News Network and CNBC. The Wall Street Journal, USA Today, Institutional Investor, Bottom Line/Business, Inc., Las Vegas Review-Journal, and Advertising Age have interviewed him. His latest book Buy DON’T Hold: Investing with ETFs Using Relative Strength to Increase Returns with Less Risk was published in May 2010. He has previously authored the following books: All About Market Timing: The Easy Way to Get Started, (McGraw-Hill, November 2003 and translated into Chinese in February 2010) as well as the Second Edition published in April 2011, Day Trading On The Edge: A Look-Before-You-Leap Guide to Extreme Investing, (AMACOM, 2000), Cash Cash Cash: The Three Principles of Business Survival and Success, (Harper Business, 1990), Corporate Cash Management: Techniques and Analysis, (Dow-Jones Irwin, 1985. Co-edited with Frank Fabozzi), and the Corporate Treasury Management Manual (A.S. Pratt & Sons, 1998. Editor and Contributor). In April 2011, his first ebook was published with the title Profiting from ETF Rotation Strategies in Turbulent Markets. Masonson received a BBA in Finance and Investments from The City College of New York and an MBA in Operations Research from Bernard M. Baruch College. His master’s thesis title was “Statistical Evaluation of the Relative Strength Concept of Common Stock Selection.”

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