Blog

Dec 03

This will be an abbreviated blog posting.

Market Review comp-december-2-2016

For the week, the DJIA was the again the leader gaining 0.10%, followed by declines for the S&P 500 down 0.97%, and the NASDAQ Composite down 2.65%.

All major averages remain above their 100- and 200-dmas, but the NASADAQ fell below the 50-dma this past week.  Also, on Friday Indicator #5 experienced a negative MACD crossoiver resulting in a SELL signal resulting in a “3” BUY signal overall.  As you can see on the accompanying chart the NASDAQ had a rough week and is now only about 25 points away from crossing the 100-dma to the downside (lower red circle area).

There were 462 new 52-week NYSE highs compared to 451 in the prior week which was a good showing.  However, the  number of new lows increased to 178 from 69 from the prior week which is not a good sign in a market near its top. However, the vast majority of these new lows were fixed income related issues which have gotten pounded since the election.

The percentage of NYSE stocks above their 50-dmas declined to 56.71% from 53.53% the prior week.  The percentage of stocks above their longer-term 200-dma fell to 61.113% from 65.83% the prior week.    So, overall the market has a come down a bit from it recent highs

Indicator ReviewOne Negative Change nasi-december-2-2016

Indicator #5 NASDAQ Composite with MACDThis indicator issued a MACD SELL signal onDecember 2(refer to first chart’s MACD indicator).

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):
http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&yr=2&mn=0&dy=0&id=p50034199149&a=250074893

Conclusion  —  Market  May Consolidate Before Next Move

The stock market has had an amazing run since the election, but has slowed down this past week.   So enjoy the ride as long as it lasts and make sure stop limits are placed on all positions to protect principal.  I am using a 5% trailing stop.

Have a safe week!

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.

Nov 27

Market Review comp-november-25-2016

For the week, the DJIA was the again a leader gaining 1.51%, followed by the S&P 500 up 1.44%, and the NASDAQ Composite up 1.45%. The Russell 2000 Index (small-cap stocks) soared 2.40%,  and is up an amazing 18% for the year.  This compares to  9.91% for the DJIA, 8.29% for the S&P 500, 7.82% for the NASDAQ and 3.46% for the BDH strategy.

All major averages are now easily above their 50-, 100- and 200-dmas.  There were 451 new 52-week NYSE highs compared to 450 in the prior week which was a good showing.  However, the  number of new lows dropped drastically to 69 from 355 the prior week which is to be expected as the market surges higher.

The percentage of NYSE stocks above their 50-dmas jumped nicely to 63.53% from 54.2% the prior week.  The percentage of stocks above their longer-term 200-dma rose to 65.83% from 62.36% the prior week.    So, overall the market has a decidedly bullish stance.

Bonds got crushed again for the second consecutive week and are now at price levels of January 2016, giving up almost all their gains for the year.    Likewise Gold (GLD) cratered hitting their February lows. Oil prices rose minimally after a nice bounce the prior week.  In the above chart, please type in ETF ticker symbols IEF, TLT, BOND, SHY or AGG or others one at a time to see their current bond weekly performance, or GLD, GDX and USO and $BRENT for the other averages.

Indicator Review – No Changes nasi-november-25-2016

Indicator #2 NASDAQ Composite Index and 100-dma. This indicator issued a BUY signal on November 7 which cancelled the  SELL signal on November 2, 2016 (see first chart above).

Indicator #5 NASDAQ Composite with MACD.  This indicator issued a MACD BUY signal on November 10 (refer to first chart’s MACD indicator).

Indicator #6 AAII Weekly Investor Sentiment Survey Bullish Percentage. The latest November 23, 2016 Bullish Percentage reading was 49.9% up from 46.7% the prior week.  This indicator remains on its long term buy signal with numerous confirmations along the way. Another confirmation of the long term buy signal occurred early this month.

Indicator #8 NASI Summation Index and MACD. This indicator finally had a BUY signal on November 15,2016 as the MACD had a positive crossover.  This signal resulted in a  BDH Dashboard  “4” BUY reading. Refer to second 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):
http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&yr=2&mn=0&dy=0&id=p50034199149&a=250074893

Dashboard Now on “4” BUY Signal

Here is the latest Dashboard:

dashboard-v2-november-25-2016_wc-1-1

Dark Liquidity BDH Performance Statistics

www.dark-liquidity.com/BDHV2new.php independently tracks the BDH performance.  The BDH strategy performance has taken a hit over the past few months with trailing stops kicking in and the market’s quick turnaround this week.  For the year-to-date, BDH is up 3.46%  vs. a gain of  7.82% for the NASDAQ Composite, 9.91% for the DJIA, and 8.29% for the S&P 500.  It has now risen to 11th place from 13th place the last few weeks out of a 18 strategies followed by that website.  See the “Strategies Summary” link on the top of their page.

Top 5 ETFs –   100% Invested

The portfolio is 100% invested as of November 11.  Since the latest BDH BUY signal, the ETF portfolio has gained 5.18% compared to a gain of 4.02% for the three major averages.  If these ETFs continue to outerform the averages the gap between the BDH YTD performance and the three averages should continue to shrink   Check out the spreadsheet:

top-5-etfr-november-25-2016

Decision Page

Here is the link to the Decision Page:  http://www.etfscreen.com/buydonthold/bdh-decision-page.php

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.  You will note the strong performance XOP in the Commodities sector, SMH XLF, IYT, XLI and VGT in the Sectors, and the International (BRF ).  Note that BRF has slumped 15.83%% in the last month, but over 6 months is still up 26.52%.

Currently, 25 ETFs have a “pass” rating out of 52 .

Conclusion  —  Market  Continues Its Vertical Climb 

The stock market has had an amazing run since the election.  No one predicted it.  However, a number of technical indicators are overbought.  However, overbought markets can last for a long time, although a pullback is more than overdue.  So enjoy the ride as long as it last and make sure stop limits are placed on all positions to protect principal.  I am using a 5% trailing stop.

Have a safe week!

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.

Nov 19

This will be shortened blog, as is the case every other week.

Market Review comp-november-18-2016

Last week the market advance continued at a slower pace, but the laggard NASDAQ Composite lead the way higher with a gain of 1.61% followed by the S&P 500 with a gain of 0.81% and the DJIA with a gain of only 0.11%.  Both the DJIA and Russell 2000 hit new highs during the week.

On November 15th, Indicator #8 issued a BUY signal resulting in a maximum BDH Dashboard “4” BUY signal. There were 450 new 52-week NYSE highs compared to 394 in the prior week which was a good showing.  However, the  number of new lows also surged to 355 compared to 321 the prior week which is strange in a rising market.

The percentage of NYSE stocks above their 50-dmas jumped again to 54.2% from 47% the prior week.  The percentage of stocks above their longer-term 200-dma rose to 62.36% from 60.23% the prior week.    So, overall the market has turned around to the upside based on these two indicators.

Bonds got crushed again for the second consecutive week and are now at price levels of February 2016 giving up significant gains at its peak in early July.    Likewise Gold (GLD) cratered again reaching their April lows. Oil prices rose.  In the above chart, please type in ETF ticker symbols IEF, TLT, BOND, SHY or AGG or others one at a time to see their current bond weekly performance, or GLD, GDX and USO and $BRENT for the other averages.

Dark Liquidity BDH Performance Statistics nasi-november-18-2016

www.dark-liquidity.com/BDHV2new.php independently tracks the BDH performance.  The BDH strategy performance has vertical climb turnaround since the election  For the year-to-date, BDH is up 1.70%  vs. a gain of  6.27% for the NASDAQ Composite, 8.28% for the DJIA, and 6.75% for the S&P 500.  It has moved to 12th place out of 18 strategies followed by that website.  See the “Strategies Summary” link on the top of their page.

Decision Page

Here is the link to the Decision Page:  http://www.etfscreen.com/buydonthold/bdh-decision-page.php

Currently, 20 ETFs have a “pass” rating out of 52 compared to 16 the prior week.  That shows the market’s new strength

Conclusion  —  Market Establishes Solid Uptrend

This coming week the market may take a breather and give back some of the gains or continue powering ahead based on financial and political news.   Make sure stop limits are placed on all positions to protect principal.  I am using a 5% trailing stop.

Have a Happy Thanksgiving!

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.

Nov 13

Market Review comp-november-11-2016

Last week on the last line of my commentary I said: “Look for a wild market day on Wednesday no matter what happens in the election.”  That was spot on, but not in the direction I or most everyone else expected.

The stock market had a wildly positive week precipitated by the unexpected election results.  Pollsters and pundits were predicting and expecting a Clinton win, but that didn’t happen.  Market strategists and talking heads were predicting a 5%-10% market drop if Trump won.  That didn’t happen.

What did happen was totally unexpected, as the Dow Futures fell 850 points during Tuesday night into earlier Wednesday morning, as the Trump victory appeared likely and then was confirmed.  When the market opened for trading it was flat, but then had a huge day up 256 points.  Unbelievable!  Pull up the $indu and $spx charts to the huge market run upby changing the ticker symbol in the first chart.

For the week, the DJIA was the clear leader gaining 5.36%, followed by the S&P 500 up 3.80%, and the NASDAQ Composite up 3.78%. The NASDAQ Composite was the star under performer of the last three weeks.  The Russell 2000 Index (small-cap stocks) soared 10.22%, a monster move in one week.

On November 7, Indicator #2 issued a BUY signal as it crossed above its 100-dma, and on November 10 Indicator #5 issued a BUY signal as the MACD had a positive crossover putting the BDH Dashboard on a “3” BUY signal.  Thus, three ETFs with pass ratings were purchased on the Friday morning up — XLF, IYT and IWM.

All major averages are easily above their 50-, 100- and 200-dmas, respectively and the DJIA advanced to new highs for the year on the Friday close. There were 394 new 52-week NYSE highs compared to about 96 in the prior week which was a good showing.  However, the  number of new lows also surged to 321 compared to 191 the prior week.

The percentage of NYSE stocks above their 50-dmas  doubled to 47% from 23.40% the prior week.  The percentage of stocks above their longer-term 200-dma rose to 60.23% from 54.08% the prior week.    So, overall the market has turned around to the upside based on these two indicators.

Bonds got crushed this week and are now at price levels of February 2016 giving up significant gains at its peak in early July.    Likewise Gold (GLD) and gold miners (GDX) also had a negative week reaching their April lows. Also, oil prices tumbled to their mid-September lows after hitting new highs around October 20.  In the above chart, please type in ETF ticker symbols IEF, TLT, BOND, SHY or AGG or others one at a time to see their current bond weekly performance, or GLD, GDX and USO and $BRENT for the other averages.

Indicator Review Two Changes nasi-november-11-2016

Indicator #2 NASDAQ Composite Index and 100-dma. This indicator issued a BUY signal on November 7 which cancelled the  SELL signal on November 2, 2016 (see first chart above).

Indicator #5 NASDAQ Composite with MACD.  This indicator issued a MACD BUY signal on November 10 (refer to first chart’s MACD indicator).

Indicator #6 AAII Weekly Investor Sentiment Survey Bullish Percentage. The latest November 9, 2016 Bullish Percentage reading was 38.9% up from 23.5% the prior week. This is a huge increase on a week-to-week basis. This indicator remains on its long term buy signal with numerous confirmations along the way.This week was another confirmation of the long term buy signal as it rose above the 25% level from the prior week.

Indicator #8 NASI Summation Index and MACD. This indicator continues to be on its August sell signal. However, there has been a crossover in the top portion of the chart this week and a crossover of the MACD is imminent.  If this occurs, the BDH Dashboared will be on a “4” BUY reading. Refer to second 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):
http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&yr=2&mn=0&dy=0&id=p50034199149&a=250074893

Dashboard Now on “3” BUY Signal

Here is the latest Dashboard:

dashboard-v2-november-11-2016_wc-1-1

Dark Liquidity BDH Performance Statistics

www.dark-liquidity.com/BDHV2new.php independently tracks the BDH performance.  The BDH strategy performance has taken a hit over the past few months with trailing stops kicking in and the market’s quick turnaround this week.  For the year-to-date, BDH is down 0.54%  vs. a gain of  4.59% for the NASDAQ Composite, 8.16% for the DJIA, and 5.902% for the S&P 500.  It has slipped to 13th place out of 18 strategies followed by that website.  See the “Strategies Summary” link on the top of their page.

Top 5 ETFs –   100% Invested

The portfolio is now 100% invested with the purchase of XLF, IYT and IWM on Friday morning.  Since the September 23 BDH BUY signal, the ETF portfolio has gained 0.74% compared to a gain of 1.68% for the major averages —  a reasonable showing considering the market volatility.  Check out the spreadsheet:

top-5-etfr-november-11-2016

Decision Page

Here is the link to the Decision Page:  http://www.etfscreen.com/buydonthold/bdh-decision-page.php

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.  You will note the strong performance XOP in the Commodities sector, SMH XLF, XLI and IBBin the Sectors, and the International (BRF ).  Note that this past week that BRF slumped 9.79% and EEM fell 3.84%.

Currently, 16 ETFs have a “pass” rating out of 52 compared to 4 the prior wek.  That shows the market’s new strength

Conclusion  —  Market Establishes Solid Uptrend

Last week I said:  “The results of the election will determine the market direction going forward.” That has certainly been the case, but not what almost everyone expected with regard to the Trump win and market rebound.  This coming week the market may take a breather and give back some of the gains or continue powering ahead based on financial and political news.   Make sure stop limits are placed on all positions to protect principal.  I am using a 5% trailing stop.

Have a safe week!

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.

Nov 10

comp-november10-2016

Interim Report

The BDH Dashboard is now on a “3” BUY signal after Indicators #2 and 5

gave BUY signals the last few days.  Therefore, we are buying three ETFs for

the portfolio — XLF, IYT and IWM — that have “pass” ratings at the opening price

on Friday morning.  Therefore, we will be 100% invested at that time.

Nov 05

Market Review comp-nov-4-2016

The stock market is breaking down with all three major averages below their respective 50-dmas, and the NASDAQ Composite even below its 100-dma (Indicator #2 now on SELL signal) which also resulted in a BDH Dashboard SELL signal on November 2.  As the interim update this week indicated, we did not sell out all positions awaiting a potential rebound which did not come on Thursday and Friday.  On November 1 and 2, BRF and EEM were sold due to hitting their trailing stops.  Only VGT and SMH remain in the portfolio with 60% in cash.

The NASDAQ Composite was the star underperformer of the last two weeks.  This past week it fell 2.77% followed by the S&P 500 down  2.02% and the DJIA down 0.78%. Th NASDAQ index is approaching its lower support line (green line) and needs to hold here or we could go much lower.

There were only 96 new 52-week NYSE highs compared to about 200 in prior weeks.   However, the  number of new lows surged to 191 much more than prior weeks.

The percentage of NYSE stocks above their 50-dmas  plummeted to only 23.40% from much higher levels.   This is the lowest reading since February 2016.  The percentage of stocks above their longer-term 200-dma fell again and this time to 54.08% its lowest reading since falling to 53% at the market lows in July.    So, overall the market is continuing to deteriorate based on these two indicators.  Typically, the stock market rallies from the former reading of 23.40% since it is below the 30% level where market bottoms usually occur.  Perhaps after the election results are in and if Hillary wins, then expect a big rally, otherwise if Donald wins the market could deteriorate much further due to the uncertainty of his actions.

Bonds rallied this week as stocks fell.    Gold (GLD) and gold miners (GDX) also had a positive performance. Oil prices tumbled to their mid-September lows after hitting news highs around October 20.  In the above chart, please type in ETF ticker symbols IEF, TLT, BOND, SHY or AGG or others one at a time to see their current bond weekly performance, or GLD, GDX and USO and $BRENT for the other averages.

Indicator Review One Changenasi-nov-4-2016

Indicator #2 NASDAQ Composite Index and 100-dma. This indicator issued a SELL signal on November 2 which cancelled the  BUY signal on June 29th, 2016 (see first chart above).

Indicator #5 NASDAQ Composite with MACD.  This indicator issued a MACD SELL signal on October 7 (refer to first chart’s MACD indicator).

Indicator #6 AAII Weekly Investor Sentiment Survey Bullish Percentage. The latest November 2, 2016 Bullish Percentage reading was 23.6% down from 24.78% the prior week. This indicator remains on its long term buy signal with numerous confirmations along the way.  A rise above 25% next week will be another confirmation of the long term buy signal.

Indicator #8 NASI Summation Index and MACD. This indicator continues to be on its August sell signal. Refer to second 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):
http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&yr=2&mn=0&dy=0&id=p50034199149&a=250074893

Dashboard Now on “1” SELL Signal

Here is the latest Dashboard:

dashboard-v2-november-4-2016_wc-1-1

Dark Liquidity BDH Performance Statistics

www.dark-liquidity.com/BDHV2new.php independently tracks the BDH performance.  The BDH strategy performance has taken a hit over the past few months with trailing stops kicking in.  For the year-to-date, BDH is down 2.15%  vs. a gain of only 0.78% for the NASDAQ Composite, 2.66% for the DJIA, and 2.02% for the S&P 500.  It has slipped to 14th place out of 18 strategies followed by that website.  See the “Strategies Summary” link on the top of their page.

Top 5 ETFs –   40% Invested

The portfolio is now only 40% invested with VGT and SMH remaining in the portfolio.  Since the September 23 BDH BUY signal, the ETF portfolio has lost 3.48% compared to a loss of 3.99% for the major averages —  a reasonable showing.  Check out the spreadsheet:

top-5-etfr-november-4-2016

Decision Page

Here is the link to the Decision Page:  http://www.etfscreen.com/buydonthold/bdh-decision-page.php

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.  You will note the strong performance of JNK is Fixed Income,SLV and XOPs in the Commodities sector, SMH and VGT in the Sectors, and the most strength in International (BRF, EWT and EEM).

Currently, only 4 ETFs have a “pass” rating out of 52.  That show the market’s internal weakness.

Conclusion  —  Market Diving Before the Election Because of Uncertainty of Outcome

The three major market averages have been unable to stay above their 50-dmas.  The NASDAQ has pierced its 100-dma to the downside, and the $SPX bounced off its 200-dma late this week.  The results of the election will determine the market direction going forward.  Pull up the $indu and $spx charts to see those levels by changing the ticker symbol in the first chart.

This weel’s interim report’s recommendation to not sell out the portfolio when Indicator #2 issued a SELL signal has not worked out well so far, as the ETF portfolio is still 40% invested.  However our 5% trailing stops took out two other positions this past week.  Although the BDH Dashboard is on a SELL signal as of November 2,  at this point we are so close to the the election that we will wait until the 5% trailing stops take them out.  If a rebound occurs after the election, then the Dashboard will signal a positive change to a NEUTRAL or BUY signal, and we will take the necessary action at that time.  Look for a wild market day on Wednesday no matter what happens in the election.

Have a safe week, and make sure to vote!

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.

Nov 02

Interim Report

The NASDAQ Composite closed below its 100-dma losing almost 50 points.  Normally, that would be a SELL signal on Indicator #2 and the BDH strategy would be on a “1” SELL signal.  However, since this index has been in a downtrend for over a week and many technical indicators are oversold, a bounce is possible tomorrow and Friday which may bring it above its 100-dma.  So we will wait at least one more day before taking any action to liquidate the ETF portfolio.  BRF was sold out within the last few days.

A full report will be provided this weekend.

 

Oct 30

This will be a shortened blog due to my travel schedule.  A full report will be provided next weekend.

Market Situationcomp-october-28-2016

The stock market appears to be rolling over to the downside as the DJIA and S&P 500 are now below their respective 50- and 100-day moving averages.  The NASDAQ Composite is still above its 100-dma as the chart on the right shows.  When you click on the chart key enter ticker $spx and $indu separately to see their price deterioration since August.

This past  week on October 25 Indicator #5 had a positive MACD crossover resulting a BDH Dashboard “3” BUY signal.  This was reported in an interim blog posted on that date. However, on October 27 Indicator #5 reversed direction and issued a sell signal, thereby shifting the BDH Dashboard back to a “2” NEUTRAL position.

On October 26 IWM was sold at its 5% stop loss.

Because of the October 25 BUY signal, three ETFs were added to the portfolio.  They were BKF, VGT, and SMH.  The portfolio is now 80% invested.  View the darkliquidity site for the portfolio and its performance year-to-date:  www.dark-liquidity.com/BDHV2new.php

Currently, the BDH strategy is -o.29% for the year compared to a gain of 4.22% for the DJIA, 4.03% for the S&P 500 and 3.65% for the NASDAQ Composite.  For the week the latter index has the worst performance losing 1.28%, while the DJIA gained 0.09%, and the S&P 500 lost 0.69%.

The market deterioration is clearly evident in the number of NYSE stocks above their 50-dmas which now stands at 30.35% matching the July 2016 lows.  This percentage peaked at 90% in April and 82% in August.  Moreover, the number of stocks above their 200-dmas has declined to 62.43% from 80% in August.

Clearly, caution is urged and stop loss orders are recommended.  We will continue to use 5% trailing stops in our portfolio.

Have a good week and make sure to vote!

Oct 25

comp-october-25-2016Today, Indicator #5 had a MACD BUY signal.  See the chart.

Therefore three additional ETFs will be purchased at the opening tomorrow.

These include BRF, VGT, and SMH.  We are now 100% invested.

Oct 22

This will be a shortened blog.

Market Review comp-october-22-2016

The stock market is not doing much the last three weeks (see chart to the right).  The SP500 and DJIA are below their respective 50-dmas, while the NASDAQ Composite is just 7 points above it.  Also the first two MAs mentioned are below their 100-dmas. There were 185 new 52-week NYSE highs compared to about 202 the prior week, and 220 the week before that.  

The percentage of NYSE stocks above their 50-dmas  rose  to 39.53% from 32% the prior week. The percentage of stocks above their longer-term 200-dma climbed to 70% from 68 % the prior week.

There was no change in the indicators which are at “2” NEUTRAL.

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):
http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&yr=2&mn=0&dy=0&id=p50034199149&a=250074893

Here is the latest Dashboard as of October 22 (no change since 10/14):

dashboard-v2-october-14-2016_wc-1-1

Dark Liquidity BDH Performance Statistics

www.dark-liquidity.com/BDHV2new.php independently tracks the BDH performance.  The BDH strategy performance has taken a hit over the past few weeks with the sale of three ETFs.  For the year-to-date, BDH is flat up only 0.50% vs. 4.48% for the NASDAQ Composite, 4.14% for the DJIA, and 4.48% for the S&P 500.  It has moved to 12th place  from 14th plase last week out of 18 strategies.     See the “Strategies Summary” link on the top of their page.

Top 5 ETFs –   20% invested in IWM and EEM each

Here is the link to the Decision Page:  http://www.etfscreen.com/buydonthold/bdh-decision-page.php

Conclusion  —  Market Still Trying to Hold Together

The market is still struggling to get stay above the 50-dmas. Pull up the $indu and $spx charts to see those levels.  The NASDAQ is still in a trading range (see green box in first chart).  We are still in the turn-around month of October, so be careful.  The specific 5% trailing stops on the current ETF positions are now shown on the dark-liquidity.com website immediately under the Strategies Performance listing.  This addition will be included in the future for managing the account.

Have a safe week, and make sure to vote!

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.