NASDAQ COMPOSITE 7939.63 -2.19%
The stock market fell between 0.43% (DJIA) to 2.19% (NASDAQ Composite) with the S&P 500 down 1.01% this past week for the second consecutive week of declining prices. During the week the BDH Dashboard declined to a neutral “2” reading from a maximum “4” bullish reading as Indicator #2 and #5 had sell signals on 9/27 and 9/24, respectively. Moreover, Indicator #8 is very near a Sell signal as well, which would turn the Dashboard to a “1” sell signal if that occurs next week.
Note on the above chart which shows the breach of the MACD (upper one) and the break below the 100-dma. The NASDAQ is back in the territory of the rectangular box to the left in August through early September. This is not a good sign going forward.
For the: YTD
S&P 500 18.15%
BDH Strategy 3.42%
Dashboard Indicator Review – No Changes—Remains of +4
Indicator #2 NASDAQ Composite Index and 100-dma. This indicator gave a SELL signal on Thursday September 27.
Indicator #5 NASDAQ Composite with MACD. This indicator had a SELL signal on Thursday September 24.
Indicator #6 AAII Weekly Investor Sentiment Survey Bullish Percentage. The latest September 18, 2019 Bullish Percentage reading was 37.4% up 0.5 percentage points from the previous week.
Indicator #8 NASI Summation Index and MACD. This indicator had a new a Sell signal on the index crossing its 5-ema, and is close to having a confirming MACD sell signal. Refer to 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 11th up from 13th last week.
BDH Decision Page – BDH Dashboard ETFs
Copy and paste the DecisionPage link into your browser:
On ETFscreen.com, the Decision Page indicated that 25 ETFs out of 44 have “pass” ratings compared to 31the prior week. There were 19 “fails”.
Top- 5 ETFs
Our portfolio remains 100% invested with a gain of 0.90% since June 11, 2019. This compares with a gain of 1.64% for the major averages. Over the past week the portfolio fell 0.75% compared to 1.21% for the averages, a better relative performance. Refer to attached spreadsheet for the details of performance and rankings. The spreadsheet is only provided to subscribers.
The market is at a tipping point and can go either way. Keep in mind that October is typically a month when the market begins its rise into the end of the year, but that certainly was not the case last year as we all learned as the market took a dive that ended on Christmas Eve, before its vertical ascent began into 2019. The 200-dma is at 7695 so a bad week could test that support level. Make sure your stop LIMITs are in place in case the situation deteriorates. We can always get back in after the dust settles. Retain the existing portfolio. We are still in a volatile market that is trying to reach new highs, so “we’ll see what happens”, as Trump is found of saying
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 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 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.