As mentioned in the weekend blog, if the stock market continued to decline on Monday, I was going to issue a SELL signal on the remaining 4 ETFs in the portfolio for the open on Tuesday. That is the plan. This morning EWT was sold at the open.
Indicator #5 had a clear negative MACD crossover and the BDH strategy is now on a “3” BUY signal from a “4”. Nevertheless, with all ETFs having “fail” ratings and a declining stock market, prudence requires that the remaining ETFs be sold. If the market reverses higher and Indicator #5 issue a BUY signal, we will reenter the market.
Remember that you are responsible for your investments and how you manage them. If you decide to follow the BDH strategy, then you are responsible for checking the BDH indicators daily during times when the market is volatile. 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.