NASDAQ COMPOSITE 8117.67 -0.72%
This will be a shortened blog as is the case on occasion since the market didn’t move much during the week.
The stock market fell about 0.75% this past week after three weeks of rising prices. Note that the horizontal red resistance line on the chart below has still not been taken out to the upside. The market is still subject to news events impacting prices over the course of minutes. Note the all-time at 8339.64 still has not been reached. If and when it gets there that will be another test to see if it can be surpassed. The fast MACD on the bottom the chart has turned negative.
For the: YTD
S&P 500 19.26%
BDH Strategy 4.26%
Dashboard Indicator Review – No Changes—Remains of +4
Indicator #2 NASDAQ Composite Index and 100-dma. This indicator gave a BUY signal on Thursday August 29.
Indicator #5 NASDAQ Composite with MACD. This indicator had a BUY signal on Thursday August 29.
Indicator #6 AAII Weekly Investor Sentiment Survey Bullish Percentage. The latest September 18, 2019 Bullish Percentage reading was 35.53% up 2.2 percentage points from the previous week.
Indicator #8 NASI Summation Index and MACD. This indicator had a new a buy signal on August 30 thereby cancelling its July 25 SELL signal. Refer to second chart on the next page
When you can go to the website check “strategies.” to see the results of 23 strategies that the site tracks. Our strategy is now 13th best down from 11th the last few weeks.
BDH Decision Page – BDH Dashboard ETFs
Copy and paste the DecisionPage link into your browser:
On ETFscreen.com, the Decision Page indicated that 31 ETFs out of 44 have “pass” ratings compared to 36 the prior week, a minor decline.
As mentioned last Sunday, a change was going to be made to the portfolio on September 16 at the open. As subscribers were informed on Sunday of last week, we purchased IWM and XLF and sold PDP and XLP. Those changes are reflected in the Top 5 table sent as separate attachment to subscribers only. The portfolio consists of IWM, XLF, XHB, XLY, and QQQ.
GAME PLAN GOING FORWARD
Retain the existing portfolio and have appropriate stop LIMITs in place. We are still in a volatile market that is trying to reach new highs, so we’ll see what develops.
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, if you use them, that meet your own risk profile.