This will be a shortened blog as is the case every other week.
Will Suril M. please email me at email@example.com as the email address provided is being rejected.
The stock market closed the week with nary a change, as the three averages declined about 0.50% each. Gold and gold miners were down for the week, 2% and 3% respectively, while oil was up 1.5%, and with fixed income down 0.7%.
There were no new BDH signals this week with the “3” BUY signal still in place. The portfolio is still 60% in cash with DBC and XLY in the portfolio, as it is not yet prudent to make a purchase in this range bound market. Subscribers will be sent a separate email today with some comments. The number of new NYSE 52-week highs remains around 270 similar to the prior week. The percentage of NYSE stocks above their 50-dmas was 63% down from 66% the prior week. The percentage of stocks above their longer-term 200-dma is currently at 57 down from 59% the past prior week.
Current holdings: XLY and DBC. YTD the BDH strategy is up 2.58% compared to 2.66% of the three major averages. The NASDAQ Composite is the clear leader up 6.53%, while the DJIA is down 0.02% and the S&P 500 is up 1.47%. Clearly, this is a market dominated by the technology sector where most of the big gains are.
Here is the spreadsheet from the prior week not updated this week: Top 5 ETF May 11, 2018, 2018
Conclusion — Market Resting Before Next Move
Right now the market, as represented by the NASDAQ Composite, has broken above the two blue horizontal lines on the top chart. At this point we are 40% invested with 3% trailing closing price stops in place. Without the technology leaders this market would be much lower, so be patient until the market breaks out of the trading range. Although we did get a decisive BDH Dashboard signal about 10 days ago, we are being prudent and not acting on it yet. Note that the NASDAQ Composite is still 200 points away from its March 13 high. Subscribers will be sent an email later today with some market comments.
IMPORTANT MESSAGE TO NEW VISITORS TO THIS SITE
As of March 23, 2018, this site has been offering a yearly subscription for $20 for mid-week interim updates and additional analysis, as needed. This blog is still free, but some information and analysis will be provided only to subscribers. If you’ve sent me a payment, but have not received the earlier emails, then please email me at firstname.lastname@example.org. Please click on the following link for subscription details:
Interim mid-week emails to subscribers will not be sent out each week unless there is a BDH signal change, an indicator signal change, an ETF sale or an unusual situation.
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. 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.