November 23, 2018 BDH Blog Post

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.

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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