NASDAQ Closes at 8161.79 +1.94% for week
The market advanced in this holiday shortened week, and recouped an early Friday morning drop to close lower, but way off their intra-day lows.
Both the S&P 500 Index or the DJIA were able to make new on Thursday. For the week, the DJIA advanced 1.21%, the S&P 500 gained 1.65%, and the NASDAQ Composite advanced 1.94%.
For the: YTD
S&P 500 19.29%
BDH Strategy 5.14%
Market Internals Improve, But Are Still Not a Maximum Levels
The percentage of the NYSE stocks are above their 200-dma advanced to 65.85% compared to 64.11% the prior week. More importantly, the percentage of NYSE stocks above their 50-dmas also advanced solidlyto 73.14% from 66.36% the prior week.
The number of new 52-week NYSE new highs advanced to 440 this past week from 368 the prior week and the new 52-weeklows stayed around 130. The number of new highs is still a far cry from the 800 to 1000 new highs that are normally expected at markets making all-time highs.
Dashboard Indicator Review – No Changes – at Maximum “4” Reading
Indicator #2 NASDAQ Composite Index and 100-dma. This indicator finally broke above its 100-dma on Friday after closing below it on May 29, 2019. It is now on a new BUY signal (see chart immediately above and notice the red line in the green circle).
Indicator #5 NASDAQ Composite with MACD. This indicator issued a slow MACD SELL signal (upper one) on May 1, 2019 while the faster MACD (lower one) had a SELL signal a day earlier. Please refer to upper chart to review these signals.
Indicator #6 AAII Weekly Investor Sentiment Survey Bullish Percentage. The latest July 3, 2019 Bullish Percentage reading was 33.2% up from 29.6% 7 days earlier. This indicator remains on its BUY signal of November 29, 2018, and has recently issued another buy signal confirmation in the past month when it fell below 25%, and then rose above it.
Indicator #8 NASI Summation Index and MACD. This indicator finally had a BUY signal on June 14 thereby cancelling its April 23 SELL signal, See chart below.
The link is as follows:
Click on strategies. Our strategy is 13th best out of 23.
BDH Decision Page – BDH Dashboard ETFs
Copy and paste the DecisionPage link into your browser:
On ETFscreen.com, the Decision Page indicated that 39 ETFs out of 44 have “pass” ratings compared to 39 the prior week. Note that first 38 ETFs all have pass ratings. The 5 “fails” are FXE, TBF and the inverse ETFs DOG, SH and PSQ
You can easily check the top performers for the past 5-days and one month by going to the “Additional Fund Stats” tab on the right side of the BDH Decision Page, and arraying the Rtn-5d and Rtn-3mo column, respectively heading from high to low.
Chart of All BDH Signals
Here is a chart showing all Dashboard buy and sell signals, paste it in your browser. It may take a day or two to update as that is done by a subscriber.
Top 5 ETFs – 100% Invested
No changes. No posting of table this week as the only changes were in the % changes in price. Current portfolio up 5.14% YTD.
Game Plan Going Forward
Hold all positions with appropriate stop LIMITs in place.
Interim updates are sent to subscribers during the week, as needed. Any subscriber who has recently sent in a payment and has not received this regular blog today should email me at firstname.lastname@example.org so I can check my records and correct any oversight.
Remember that you are responsible for your investments and how you manage them. This website was developed for educational purposes only and is not responsible for any actions you take with your investments. If you decide to follow the BDH strategy, then you are 100% responsible for your investment outcome. Make sure to check the BDH indicators daily during times when the market is volatile like now. Just bookmark the charts above and look for any signal changes. I may not available during the week to provide interim Dashboard signal changes. It is important to be pro-active, so as not to miss any Dashboard signals. Decide on and place your stop LIMITS that meet your own risk profile.