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This will be a shortened review as is the case every other week, except for major market moves.
The stock market closed the week marginally lower with all averages down about 0.50%, except the S&P 500 down only 0.01%. Gold and oil stocks were also down for the week, while fixed income had a slight advance.
There was a 4/23/2018 Sell signal on Indicator #2 (see nearby chart) resulting in a BDH “2” Neutral signal. On that date VGT gave a SELL signal and was sold with a 3% loss. XRT was sold on 4/20 at a 3.17% loss. Therefore, the portfolio is 40% cash with three positions: UGA, XLY, and DBC. It is up 2.14% YTD.
Note that I could not provide a spreadsheet type link due to a software issue with this WordPress software. Go back to January 2017 to see the last spreadsheet and all prior data.
Top 5 ETFs – 60% Invested with 40% Cash
The following positions were held as of the close on April 18: UGA, XLY, nd DBC.
BDH Decision Page – BDH Dashboard ETFs
Here is the link to the Decision Page. Copy and paste it into your browser:
Currently, there are 17 “passes” among the top 20 ranked ETFs, with VGT on a “fail”.
To get a feel where the best performing ETFs are by asset class, I suggest that you pull up the seven asset classes on the right side of the Decision Page (in blue ink) to see which ETFs have been doing the best — e.g., sector ETFs. You can click on the down arrow in the three month and one month columns of the each grouping to see short-term performance. Currently, UGA, DBC are the strongest ETFs in the top 20 as far as one-month performane.
Conclusion — Market Resting Before Next Move
Right now the market is still in a multi-week trading range. At this point we are 60% invested with 3% trailing closing price stops in place.
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.