Important Note: This is my first post on the new hosting site. I am working on the other elements of this site, but at least the blog is up and running. I realize that the charts cannot be enlarged like before so I’m trying to get that fixed by next week.
MARKET REVIEW — NASDAQ Closes at 7998.06 + 0.17% for week
The markets had a quiet holiday week. The DJIA gained 0.56%, the S&P 500 lost 0.08%, and the NASDAQ Composite blipped up 0.17%. On Friday Indicator #5 experiened a SELL signal resulting in a Dashboard reading of “3””down a notch from recent “4” reading. The NASDAQ is now only 35 points away from its 2018 intra-day yearly high. However, as you can see the MACD had a negative crossover on Friday, so the next week will show whether or not the previous high can be decisievely taken out.
Our portfolio remains 100% in cash. For the year-to-date the DJIA is up 13.86%, the S&P is up 15.88%, and the NASDAQ is up 20.54%. This compares to BDH’s 2019 performance of 3.02%.
GLD fell 1.2% and GDX cratered 3.92% for the week. Oil prices also gained with USO up a tiny 0.15%, while $BRENT gained 0.59%. On the fixed income side, TLT was up 0.15%, and IEF rose 0.05%..
The percentage of the NYSE stocks are above their 200-dma rose slightly to 63.32% from to 63.17% the previous week. More importantly, the percentage of NYSE stocks above their 50-dmas also fell to 66.53 from 76.16% the week before, a larger drop than expected in a mixed market.
Indicator Review –One Change BDH “3” BUY
Indicator #2 NASDAQ Composite Index and 100-dma. This indicator remains on its February 4 BUY signal.
Indicator #5 NASDAQ Composite with MACD. This indicator issued a slow MACD SELL signal (upper one) on April 18, 2018 while the faster MACD (lower one) had a SELL signal a week earlier. Please refer to upper chart to review these signals.
Indicator #6 AAII Weekly Investor Sentiment Survey Bullish Percentage. The latest April 16, 2019 Bullish Percentage reading was 37.6% down 2.7 percentage points the prior week. This reading is always taken by AAII on Wednesday and reported on Thursday. This indicator remains on its BUY signal.
Indicator #8 NASI Summation Index and MACD. Note the upper Index has crossed below its 5 day –ema. And the MACD is close to turning down as well. Currently, it remains on its BUY signal, but it may give a Sell signal this week if the market falls.
The link is www.dark-liquidity.com/index.php/strategies
Or you can go to www.dark-liquidity.com first and then hit strategies. Our strategy is 17th 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 32 ETFs out of 44 have ” pass” ratings.
Chart of All BDH Signals
Here is a chart showing all Dashboard buy and sell signals (it may take a day or two for the new signal to be posted):
Conclusion — Market Still Approaching All-Time Highs
The market had slow week and is still nearing its all-time highs of Sept/Oct 2018. The market could reach and exceed those highs or have trouble or either remain in a trading range or decline. We will wait to see what develops. In the meantime we are still 100% in cash.
2019 Subscription Update
Beginning on April 1, all individuals who renewed their subscription for $25 will be receiving the Interim intra-week updates, as market conditions dictate. I also welcome all other visitors to subscribe to get the full value. To subscribe go to the following link for instructions: BDH Interim Update Service 2019.
Interim updates are sent to subscribers during the week, as needed. No interim updates were sent this past week. Any subscriber who has recently sent in a payment and has not received my interim today before 12 noon should email me at email@example.com 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 two 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 risk profile.