Blog

May 21

Market SituationNASI May 21 2015

The recent market advance and new highs on the S&P 500 and DJIA has resulted in a Dashboard “3” BUY signal as Indicator #8 experienced an MACD upward crossover confirming the 5 day-ema crossover a number of days ago. (see chart).

This BUY signal is coming at a market high rather than a market low indicates that it is a much higher risk signal.  The market’s direction and move from here is unknown, but appears to be headed higher.

Tomorrow morning the Top 5 ETFs with a pass rating will be bought for the portfolio at their opening price.  These are: xhb (2), xly(3), smh (4), xrt (5), and efa (7).  A suggested stop limit of 3% is recommended because of the level of the market compared to the buy signal date.  A full report will be provided this weekend.

Extreme caution is urged as this BUY signal is coming at a sub-optimal time.

May 16

This will be an abbreviated blog which will be the norm every other week depending on market circumstances

Market Review COMP May 15 2015

The stock market had another “ground hog” week compared to the two prior weeks where the market had big up days on Friday, but had down days earlier in the week.  This week the big up day was Thursday.  Now both the S&P 500 and DJIA are at record highs while the NASDAQ still has a ways to go.

Indicator #5 had a BUY signal on Friday with a positive MACD crossover (see chart).  Therefore, the Dashboard is now on a  “2” Neutral position.

Additionally, the  number of new 52-week highs on the NYSE came in at 198 up a bit from 162 the prior week, and anemic at best in a market at new highs. NASI May 15 2015

Indicator #8 is getting closer to a BUY signal as the 5 day -ema is getting close to a crossover on upper portion of chart and the MACD on bottom portion of chart is starting to turn.  Both need to confirm before it is positive signal (see 2nd chart).

Dark Liquidity BDH Performance Statistics

www.dark-liquidity.com/BDHV2new.php independently tracks the BDH performance. For 2015, the BDH portfolio is in 16th place out of 18 total strategies measured by the site with a year-to-date loss of 1.25%. So the BDH strategy is now under performing the market so far this year where the NASDAQ Composite is up 6.59%, S&P 500 is up 3.10%, and the DJIA up 2.52%.

Top 5 ETFs –  100% Cash

The Top 5 ETF listing table containing 52 ETFs had 20 ETFs with a “pass” rating this week compared to 6 last week  which is still a very weak showing in a market that is near its highs for the year.  This also indicates that only selective stocks are participating in this market upswing.  Moreover, out of the Top 5 ETFs 3 had a “fail” rating.  This is not a market showing internal strength.

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

Conclusion  — Market Moves to New Highs

The last three weeks look very similar — down days Monday through Wedmesday and then a nice big rally on wither Thursday or Friday.  The market needs to decisively move higher to continue its advance, especially the S&P 500 which is trying to stay above the 2120 level after numerous failed attempts recently.  A strong up move my the NASDAQ will result in a BUY signal on Indicator #8 and will result in a Dashboard “3′ BUY signal.  We will wait and see what develops.  I will post an interim update if this occurs this week.

May 10

Market Review comp May 8 2015

The stock market had another rough week initially, but then rebounded on Friday.  The market is struggling to make new highs with the S&P 500 closest to achieving that goal.  Both the NASDAQ and DJIA are about 100 points away from their highs for the year, while the S&P 500 is less than 10 points away.

In the end,  it was a pretty flat week.  The NASDAQ was down slightly at 0.047%, while the S&P 500 was up 0.37%, and the DJIA was up  0.93%.  For the year-to-date,  the NASDAQ is up 5.65%, the S&P 500 2.78%, and DJIA 2.06%.  So except for the NASDAQ the market has moved very little since 2014 ended.  Due to the whipsaw market, the BDH strategy year-to-date is down slightly at 1.65%.  Also, the strategy is ranked 15th out of 18th on dark-liquidity.  With Friday’s close all three major averages are above their respective 50-dma. Talk about a see-saw market — this is the example in the past four weeks.  Additionally, the  number of new 52-week highs on the NYSE came in at 162 down from 220 the prior week, and anemic at best in a market close to new highs.

Bond prices try to recover their early week loses, but failed to do so, and gold (GLD) had a choppy week going nowhere while gold miners (GDX) ended lower . Crude oil (USO) had a slight gain but was volatile all 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 for the other averages.

Indicator Review –No Changes NASI May 8 2015

Indicator #2 NASDAQ Composite Index and 100-dma. This indicator remains on its BUY signal (Refer to first chart).

Indicator #5 NASDAQ Composite with MACD.  This indicator had an MACD SELL signal on Thursday May 1 (refer to first chart) shown by the red  arrow on the bottom right corner of the chart.

Indicator #6 AAII Weekly Investor Sentiment Survey Bullish Percentage. The latest May 6 Bullish Percentage reading was 27.1% which was a decline from the prior  week reading of 30.8%.  Investors are now less bullish on the market projecting out six months.  Remember that this indicator needs to fall below 25% in one week and then rise above that level in a future week to signal a BUY on this indicator.

Indicator #8 NASI Summation Index and MACD. This indicator’s  Index experienced a negative crossover on April 30 with a 5-day EMA (green arrow on top in second chart),  MACD crossover  as well, thus triggering a SELL signal on this 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

Dashboard Remains on “1” SELL Signal

The latest update is shown here:

Dashboard-V2-May 8-2015_WC-1

Dark Liquidity BDH Performance Statistics

www.dark-liquidity.com/BDHV2new.php independently tracks the BDH performance. For 2015, the BDH portfolio is in 15th place out of 18 total strategies measured by the site with a year-to-date loss of 1.65%. So the BDH strategy is now under performing the market so far this year.

Top 5 ETFs –  100% Cash

The portfolio is 100% in cash as of the open on May 1.  Below is the link to track the portfolio performance from the last BUY signal until the most recent SELL signal:

Top-5-ETF-Tracking-May-1-2015

The Top 5 ETF listing table containing 52 ETFs had only 6 ETFs with a “pass” rating this week compared to 15 last week  which is a very weak showing in a market that is near its highs for the year.  This indicates the market’s near-term weakness. This also indicates that only selective stocks are participating in this market upswing.  Moreover, out of the Top 20 ETFs 18 had a “fail” rating.  This is not a market showing internal strength.

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 the sector funds as compared to the weak performance of international funds.

Conclusion  — Market Tries to Move Higher

The last two weeks look very similar — down days Monday through Thursday and then a nice big rally on Friday. Remember that one big up day like Friday does not indicate a new trend.  So we’ll see  how the market trades next week to get a better indication of its future direction. The NASDAQ is right below its resistance line (orange arrow in first chart) of 5008.57 and needs to push above it to extend its gain and potentially hit new highs 100 points higher.   A  very strong market next week could potentially turn the Dashboard around by late in the week, but we’ll have to wait and see if that happens.

May 03

Market Review COMP May 1 2015

The stock market had a rough week, but managed to end on a strong rally on Friday.  Nevertheless, the big rout on Thursday (interim blog posted) resulted in a Dashboard SELL signal as both Indicators #5 and #8 had sell signals.  Therefore, all ETFs were sold on Friday’s open, except for IBB which hit its 5% stop limit during Thursday’s trading, and was sold.  The BDH portfolio is now in a 100% cash position.  This Dashboard signal was a rather quick reversal from the last April 14 BUY signal two weeks earlier.  Interestingly, this past Monday the NASDAQ Composite and S&P 500 hit new all-time highs, with the DJIA trailing behind a bit.

In the end, all the major averages ended in negative territory for the week with the NASDAQ down 1.7%, while the S&P 500 was down only 0.40%, and the DJIA down 0.30%.  For the year-to-date,  the NASDAQ is up 5.7%, S&P 500 2.4%, and DJIA 1.13%.  So except for the NASDAQ the market has moved very little since 2014 ended.  Due to the whipsaw market, the BDH strategy year-to-date is down slightly at -1.65%.  Also, the strategy is ranked 16th out of 18th on dark-liquidity.  With Friday’s close all three major averages are just above their respective 50-dma. Talk about a see-saw market — this is the example in the past three weeks.  Additionally, the  number of new 52-week highs on the NYSE came in at 220, a level similar to prior weeks, and anemic at best in a market forging ahead to new highs.

Bond prices and gold (GLD) got hit hard to the downside. gold miners (GDX) ended slightly higher . Crude oil (USO) continued its winning ways after bottoming around May 19.  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 for the other averages.

Indicator Review –Two ChangesNASI May 1 2015

Indicator #2 NASDAQ Composite Index and 100-dma. This indicator remains on its BUY signal (Refer to first chart).

Indicator #5 NASDAQ Composite with MACD.  This indicator had an MACD SELL signal on Thursday May 1 (refer to first chart) shown by the red  arrow on the bottom right corner of the chart.

Indicator #6 AAII Weekly Investor Sentiment Survey Bullish Percentage. The latest April 29 Bullish percentage reading was 30.8% which was a small gain from the prior  week.  Investors are now a bit more bullish on the market projecting out six months.

Indicator #8 NASI Summation Index and MACD. This indicator’s  Index experienced a negative crossover on April 30 with a 5-day EMA (green arrow on top in second chart),  MACD crossover  as well, thus triggering a  SELL signal on this 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

Dashboard on “1” SELL Signal

The latest update is shown here:

 Dashboard-V2-May 1-2015_WC-1

Dark Liquidity BDH Performance Statistics

www.dark-liquidity.com/BDHV2new.php independently tracks the BDH performance. For 2015, the BDH portfolio is in 16 th place out of 18 total strategies measured by the site with a year-to-date loss of 1.65%. So the BDH strategy is now under performing the market so far this year.

Top 5 ETFs –  100% Cash

The portfolio is 100% in cash as of the open on May 1.  Below is the link to track the portfolio performance since the last BUY signal:

Top-5-ETF-Tracking-May-1-2015

You will note that the portfolio lost 2.35% since the April 14 BUY signal while the market lost only 0.68%, clearly a non-stellar performance.  IBB was sold on April 30 after it hit its 5% stop limit order.  I used 5% this time around as I mentioned in the conclusion of blog a few weeks ago.

The Top 5 ETF listing table containing 52 ETFs had only 15  ETFs with a “pass” rating this week compared  which is very weak in a market near its highs for the year.  This indicates the market’s near-term weakness. This also indicates that only selective stocks are participating in this market upswing.

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 the sector funds as compared to the weak performance of international funds.

Conclusion  — Market Stabilizes on Friday

The market had a rough week, especially on Thursday, but managed to get back most of the losses with Friday’s advance. Remember that one up day does not indicate a new trend.  So we’ll see  how the market trades next week to get a better indication of its future direction. The NASDAQ is right on its resistance line (orange arrow) in first chart so it could go either way from here.

Remember that you are the manager of your own portfolio and that its your money on the line.

Apr 30

COMP April 30 2015Market Situation

After two days of broad-based selling, Indicators #2 (see first chart) and  #8 (see second chart) experienced SELL signals today at the close.  Therefore the Dashboard is now on a “1” SELL signal.  All ETFs will be sold at the open tomorrow, Friday, except for IBB which was sold today at its 7% stop price intra-day.  A full report will be provided this weekend.

NASI April 30 2015

Apr 27

Effective immediately the weekend blog will be shortened every other week unless there is a change in the Dashboard BUY or SELL signal.  This will allow me to spend more time on other important responsibilities.  This blog is the first time a shortened version is used

Market Review

The stock market had a solid week with gains above 1.42% for the three major market averages.  The NASDAQ continues to lead with a weekly gain of 3.25%.  Moreover, the S&P 500 and NASDAQ Composite closed at all-time highs.  The DJIA is still the laggard not yet exceeding its high for the year.  The breakout of the NASDAQ and S&P 500 is a positive technical sign for the market going forward.  However, that does not in itself guarantee that the market will continue to advance or move much higher.  That is why is it important to pay attention to the Dashboard signals.

There are no changes in the Dashboard “3” reading or the Top 5 ETFs which are up 2.20% for the year-to-date compared to 7.52% for the NASDAQ, 2.86% for the S&P 500 and 1.44% for the DJIA.

Surprisingly, the number of new 52-week NYSE highs was only 286 for the past week, well below that of prior market highs.  This indicates that the market surge is not broad-based.

Until next week full blog report, have a great week!

 

 

 

Apr 19

Market Review COMP April 17 2015

After a rather flat performance in the first four days of last week, the market took a beating on Friday losing about 1.5%.  All averages were hit badly and the NASDAQ dipped below its 50-day moving average before recovering a bit on Friday (see green arrow in upper part of chart).  Notice that the MACD is nearing a negative crossover (orange arrow) which could reverse Indicator #5 to a SELL signal this week,  if there is more market weakness.  On April 10 that indicator had a BUY signal.  This potential reversal is not uncommon in a trading range market that we’ve just encountered since mid-February.

During the week I posted an interim blog indicating the April 14 Dashboard BUY signal “3” as Indicator #8 finally had its positive MACD crossover.  As I mentioned in my conclusion last weekend: “Moreover, a new BUY signal, if it occurs this week, will be coming near a market high rather than the more typical situation after a decent market low.  So the question is how much more upside is left in this market.  We could  be entering this market just as it tops out which is not a very good entry point.”

This could be a near-term market top for now and we will know soon enough just by watching the market action the next few days and weeks.  The NASDAQ was above the critical 5000 level this week a few times but in the end it could not hold that level and cratered on Friday.

Currently, all three major averages are just above their respective 50-dmas as the market ended lower after a few weeks of gains. Talk about a see-saw market — this is a prime example.

The NASDAQ Composite lost 1.28% for the week, followed by the DJIA also declining 1.28%, and lastly the S&P 500 losing the least at 0.99.  For the year-to-date,  the NASDAQ Composite is up 4.13%, the S&P 500 is up 1.08 %, and the DJIA is up 0.02%.  The BDH strategy year-to-date is down 0.20% for the year, as it has took a hit from the Friday decline after the  April 14 BUY signal. The market internals this past week were lower with 258 new highs compared to 335 last week.  However, the number of new lows declined to 24 from 32 one week ago.  For a market flirting with new highs the number of new highs is well below levels since at other market highs in the past few years.  In those cases new highs were 600 to 900.  This indicates that only selective stocks are participating in this market upswing.  Therefore, not being in the right segments of the market would result in under performance.

Bond prices rose slightly this for week, as did gold (GLD) and  gold miners (GDX) . Crude oil (USO) rose nicely and most likely has put in the lows for the year.   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.

Indicator Review –One Change nasi April 17 2015

Indicator #2 NASDAQ Composite Index and 100-dma. This indicator remains on its BUY signal (Refer to first chart).

Indicator #5 NASDAQ Composite with MACD.  This indicator had an MACD BUY signal on Friday April 10 (refer to first chart) shown by the green  arrow on the bottom right corner of the chart.  However, a possible negative crossover is imminent.

Indicator #6 AAII Weekly Investor Sentiment Survey Bullish Percentage. The latest April 15 Bullish percentage reading was 32.1% which was a small gain from the April 8 bullish percentage reading of 28.7%.  Investors are now a bit more bullish on the market projecting out six months.

Indicator #8 NASI Summation Index and MACD. This indicator’s  Index experienced a positive crossover on April 8th with its 5-day EMA (green arrow on top in second chart), and a MACD crossover on April 14, thus triggering a  BUY signal on this 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

Dashboard on “3” BUY Signal

The latest update is shown here:

Dashboard-V2-April-17-2015_WC-1

Dark Liquidity BDH Performance Statistics

www.dark-liquidity.com/BDHV2new.php independently tracks the BDH performance. For 2015, the BDH portfolio is in 13th place out of 18 total strategies measured by the site. Currently since the last buy signal, the BDH strategy it is down 1.30% while the three major averages lost 1.07%.  So the BDH strategy is now under performing the market so far this year.

Top 5 ETFs –  100% Invested

The portfolio is 100% invested as of the open on April 15 .  Below is the link to track the portfolio performance since the last BUY signal:

Top-5-ETF-Tracking-April 17-2015

The Top 5 ETF listing table containing 52 ETFs had 15  ETFs with a “pass” rating this week compared to 24 last week,  a clear indication of a market moving lower.

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

You will notice that the 16 top-ranked ETFs all have “fail” ratings.  This indicates the market’s near-term weakness was pervasive during last week’s decline.

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 the sector funds as compared to the weak performance of international funds.

Conclusion  — Market Turns Down For Now?

As expected in last week’s commentary a Dashboard BUY signal was expected with a market advance which occurred early last week.  The market had a rough day on Friday, but one down day does not indicate a new trend.  So we’ll see  how the market trades next week to get a better indication of its future direction.  Based on the current situation I recommend stop LIMITs on the current 5 ETFs held of 5% for conservative investors,  7% for moderate investors,  and 10% for aggressive investors.  We will use 5% for the BDH strategy.  The stop LIMITs will be placed 5% below the purchase price shown in the Top 5 table.  Remember that you are the manager of your own portfolio and that its your money on the line, so set your stops at levels that suit your investment style which may differ from my recommendation.  There is no exact science for setting stops so analyze the situation and come up with the ones that meet your risk level.

 

Apr 15

NASI April 15 2015The Dashboard issued a “3” BUY signal as of the close last night April 14 as Indicator #8 had a MACD crossover (see chart) confirming the earlier Index crossover of its 5 day-ema.  Therefore, the Top 5 ETFs with a pass rating will be purchased at the open this morning.  Those are IBB (1 ranking), IWM (5), XLY (6), XLV (8), and QQQ (11).  A full report will be provided this weekend.

Apr 11

Market Review COMP April 10 2015

The Dashboard had a March 25 SELL Signal, but that is about to be changed to a BUY this week if the NASDAQ Composite makes more headway.  Since mid-February this index and the others have been in a trading range bouncing between support and resistance lines (see the NASDAQ chart on the right).  Right now the NASDAQ Composite is nearing the 5000 level again and will surely reach its March 2000 high of 5048 fairly soon unless we take another dive lower next week.

Currently, all three major averages are again above their respective 50-dmas  as the market powered ahead last week. On April 10 Indicator #5 had a BUY signal with its positive MACD  crossover.  Talk about a see-saw market — this is a prime example.

The NASDAQ Composite gained 2.23% for the week taking the leadership position, followed by the DJIA gaining 1.66%, and lastly the S&P500 gaining 1.70%.  For the year-to-date,  the NASDAQ Composite is up 5.49%, the S&P 500 is up 2.68 %, and the DJIA is up 1.95%.  The BDH strategy is up only 1.10% for the year, as it has been out the market since the March 11 close.  The market internals this past week were mixed with 335 new highs compared to 367 two weeks ag0.  However, the number of new lows decreased again for the fourth time in a four weeks to 32 from 77 two weeks ago.  For a market flirting with new highs the number of new highs is well below levels since at other market highs in the past few years.  In those cases new highs were 600 to 900.  This indicates that only selective stocks are participating in this market upswing.  Therefore, not being in the right segments of the market would result in under performance.

Bond prices declined this for week, gold (GLD) and  gold miners (GDX) declined for the week. Crude oil (USO) rose Monday and Tuesday, but then  gave back some of its gain.   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.

Indicator Review –One Change NASI April 10 2015

Indicator #2 NASDAQ Composite Index and 100-dma. This indicator remains on its BUY signal (Refer to first chart).

Indicator #5 NASDAQ Composite with MACD.  This indicator had an MACD BUY signal on Friday April 10(refer to first chart) shown by the green  arrow on the bottom right corner of the chart.

Indicator #6 AAII Weekly Investor Sentiment Survey Bullish Percentage. The latest April 8 Bullish percentage reading was 28.7% which was a big idrop from the April 1 bullish percentage reading of 35.4%.  Investors are much less bullish on the market projecting out six months.

Indicator #8 NASI Summation Index and MACD. This indicator’s  Index experienced a positive crossover on April 8th with its 5-day EMA (green arrow on top in second chart). The MACD is very close to a positive crossover which could occur early next week if the market moves higher.  Be on the lookout for it.

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 on “2” NEUTRAL Signal

The latest update is shown here:

Dashboard-V2-April 10-2015_WC (1)

Dark Liquidity BDH Performance Statistics

www.dark-liquidity.com/BDHV2new.php independently tracks the BDH performance. For 2015, the BDH portfolio is in 12th place out of 18 total strategies measured by the site, a loss of four ranking positions since last two weeks ago as the market rises while the BDH strategy remains in cash.. Currently since the last buy signal, the BDH strategy it is up 1.10% while the three major averages gained 2.72%.  So the BDH strategy is now under performing the market so far this year, as the market moved higher his past week, but remaining in its two-month trading range.

Top 5 ETFs –  100% In Cash

The portfolio is 100% in cash as of the market open on March 12.  Below is the link to track the portfolio performance since the last BUY signal until the last SELL signal:

Top 5 ETF Tracking March 12, 2015

The Top 5 ETF listing table containing 52 ETFs had 24  ETFs with a “pass” rating this week compared to 8 two weeks’ prior, a clear indication of a market moving higher.

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

If you look at the Decision page you will note that VNQ (#8) and UUP (#6)  are still among the top ranking ETFs as the market roller coaster continues.    Also, note that of the top 10 ETFs that only 4 have “pass” ratings.

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 the sector funds as compared to the weak performance of international funds.

Conclusion  — Market Turns Up For Now

The market’s positive percentage performance last week puts it at the precipice of a new Dashboard BUY signal next week.  If we do receive a Dashboard BUY signal this coming week, then we will need to choose among ETFs that are not all in the top 5 rankings which limits our upside potential.  Moreover, a new BUY signal, if it occurs this week, will be coming near a market high rather than the more typical situation after a decent market low.  So the question is how much more upside is left in this market.  We could  be entering this market just as it tops out which is not a very good entry point.  We will see what happens and then determine what stop LIMITs to place to minimize any losses if the market goes in the opposite direction.  Right now wait for the next signal to occur and don’t jump in yet.  The NASDAQ Composite is approaching a triple top (upper blue  resistance line on chart) and it needs to blast through it and hold its gains to go higher, otherwise a reversal may occur.

 

 

Apr 04

There was no change in the Dashboard this holiday week, so I won’t be posting a detailed commentary as there is no much too report on.

Therefore, I will be posting to the blog next weekend April 11.  Have a great  holiday!!