This will be a very short update as the market barely moved this past week. Even though there was major political, financial, and economic headline news during the week, the stock market was very calm. The NASDAQ Composite made a new all-time closing high on Wednesday, but closed the week down a small 0.07%. Both the DJIA and S&P 500 were up 0.15% and 0.02%, respectively.
There are no changes in the BDH Dashboard “2” NEUTRAL signal or in our 100% cash position. We’ll see if the red line can hold as support in the accompanying chart.
Have a good week and be very careful at this juncture in the market. An Interim mid-week emails to subscribers will not be sent out this coming week unless there is a BDH buy signal change which I do not expect.
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.