IMPORTANT — SECOND TIME THIS NOTE IS POSTED
I have prepared a memo to all users regarding the future of this website and my $20 subscription offer. Some of the critical information provided free on this website will migrate to the subscription service, but this website will still be free for some of the current content. Hopefully, many of you that have not yet positively responded will reconsider the value of this service which excels in down markets by keeping the portfolio in cash.
So far, as of Friday night I have received a number of checks and payments via Paypal. I want to thank those of you for their subscriptions. I will be sending out an email to those individuals, so they know that I have received their payment. I received a payment from Phil M. from Vonore without an email address. Phil, please email me your email address to firstname.lastname@example.org. Interim updates will be provided to subscribers as market conditions change and signals occur during the week, as well as providing ETF purchases or sales during the week. The free sit will be updated only on weekends.
Please click on the following link for the details of the subscription: BDH Request for Support March 23, 2018
This will be shortened blog as is the case every other week.
The stock market experienced a roller-coaster week, but ended in positive territory, as it rallied nicely on Friday (third week in a row) to stabilize its earlier drops. This week on March 27 Indicator #8 had a sell signal, thereby placing the BDH Dashboard at a “0” reading which is maximum it can go as all four indicators are on sell signals. Therefore, we are still 100% in cash.
All major averages are above their 200-dma but below their 50- and 100-dmas, so they remain in a trading range.
The BDH strategy is up 2.79% for the year and is #3 for the year on the www.dark-liquidity.com website out of 22 strategies tracked. The two leading strategies are NASDAQ-based QQQs. Click on the Strategies Summary tab on the top of that screen to check this out. YTD the DJIA is down 2.49%,the S&P 500 is down 1.22%, but the NASDAQ is up 2.32%.
The number of new NYSE 52-week highs moved down again to 84 from 118 the prior week. As to be expected the percentage of NYSE stocks above their 50-dmas increased to 33.57% from 22.11% the prior week. The percentage of stocks above their longer-term 200-dma is currently at 50.67% from 43.44% the prior week.
Indicator #8 NASI Summation Index and MACD. This indicator is currently on a March 27, 2018 SELL signal, as the MACD turned negative, thus confirming the March 21 negative crossover on the top portion of the chart.
Here is a chart showing all Dashboard buy and sell signals (it may take a day or two for the new signal to be posted):
BDH Decision Page – BDH Dashboard ETFs
Here is the link to the Decision Page. Copy and paste it into your browser:
Currently, there are 22 “passes” out of 52 ETFs, and 7 “passes” among the top 20 ranked ETFs. Energy, emerging markets and water ETFs have pass ratings.
Conclusion — Market At Critical Point
At this point we are staying in cash until the market provides an indication that is changing to a positive trend. Be careful here and don’t make emotional decisions, as those tend to be very costly.
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. Going forward starting April 1, 2018, I will only provide interim daily Dashboard signal changes and ETF purchases and sales to subscribers. 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.