NASDAQ COMPOSITE 8519.88 -0.25% (week)
BDH Dashboard Now On “2” NEUTRAL Signal
This will be a shortened b log as is the case on occasion.
Market Performance
The three major market averages all declined slightly for the week which is not surprising based on the uninterrupted rise of the past six weeks.
For the week the NASDAQ Composite declined 0.25%, the S&P 500 Index closed down 0. 33%, and the DJIA lost 0.46%. The BDH Strategy had a better week up 0.37%.
For the YTD:
NASDAQ 28.40%
DJIA 19.50%
S&P 500 24.06%
BDH Strategy 6.95%
All indicators remain on BUY signals, and we remain in a 100% invested position.
Dashboard Indicator Review – Two Changes
Indicator #5 NASDAQ Composite with MACD. This indicator had a SELL signal on Thursday, November 21, 201 9 (Refer to chart below), as the slow MACD has a negative crossover. Note that the fast MACD actually crossed over on November 11.
Indicator #8 NASI Summation Index and MACD. This indicator gave a SELL signal on Wednesday, November 20, 2019, as the slow MACD had a negative crossover confirming the earlier crossover of the Index of its 5 day ema.
Top 5 ETFs – 100% Invested – XHB, XHB, XLV, XLI and QQQ
As mentioned in last week’s blog, we were selling XLY and IYT at the open on
November 18 and purchasing XLI and XLV. That was accomplished.
Dark Liquidity
The link is as follows: www.dark-liquidity.com/index.php/strategies which shows the purchase and sale of the ETFs mentioned above with their prices. That will be reflected in the Top 5 ETF table next week.
Game Plan Going Forward
Currently, the market is advance is slowing down. We will see if it can continue.
In any event protect yourself with appropriate stops. A drop below 8243 (upper green horizontal line on first chart) on the NASDAQ Composite would be the first sign of trouble ahead. Then the next level of support is 8111.42 which is the 100-dma (Indicator #2)!
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 lesmasonson@yahoo.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 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, if you use them, that meet your own risk profile.
