This will be shortened blog, as is the case every other week.
The S&P 500 and DJIA closed Friday at all time highs, both advancing just over 1% for week. The NASDAQ Composite closed up 2.59% for the week about 30 points below the intra-day high on July 7. Indicator #5 issued a BUY signal, as the MACD had a positive crossover on July 13 (see chart).
The BDH Dashboard is now on “3” BUY signal and four ETFs will be purchased on the Monday open. They are EEM, PBW, VGT and XLV. They join BRF totalling five and fully invested. In the Top 5 ETFs on etfscreen.con for our strategy, four are emerging market ETFs. I decided to select EEM to represent that asset class so as not to have all emerging market ETFs in the portfolio, and to add technology, clean water and health to round out the portfolio.
This is a high risk market entry point as the market is at new highs, rather than coming out of a pullback which is where we look to get better situated signals.
Have a good week and be careful here.
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.