This will be a shortened blog as is the case every other week.
The stock market powered ahead to start the New Year with the best gains in the first week in many years. For the week, the NASDAQ Composite gained 3.38%, the S&P 500 was up 2.60%, and the DJIA was up 2.33%. Note the sharp angle of the ascent on the right side of the chart (below right) for the past week. Indicator #5 reversed its recent SELL signal to a BUY signal on Janury 3. So the BDH strategy is on a “4” maximum BUY signal. Our Top 5 ETFs of XOP, PBW, SMH, XLF and XHB are up 2.89% for the year.
A full report will be provided next week as usual. Enjoy the BIG BULL as long as long as it lasts. But make sure your stop LIMIT orders are in place to protect you when the market reverses directions.
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.