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Seasonal MACD Buy Signal Update: “Best Six/Eight Months” Commence Early
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By:
By Jeffrey A. Hirsch & Christopher Mistal
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October 05, 2015
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Faster moving MACD indicators applied to DJIA, S&P 500 and NASDAQ are all positive as of today’s close. The criteria to issue our Seasonal MACD Buy Signal have been satisfied. With all three indices confirming, we are now issuing our Seasonal MACD Buy Signal. The “Best Six/Eight Months” have officially commenced.
Buy SPDR DJIA (DIA), SPDR S&P 500 (SPY), PowerShares QQQ (QQQ), and iShares Russell 2000 (IWM). For tracking purposes, these ETFs will be added to the portfolio using their respective average prices on October 6. This price will be calculated by summing the open and close prices and dividing by two. Buy limits for DIA, SPY, QQQ and IWM are initially today’s closing price plus 1%.
Also at this time sell AdvisorShares Ranger Equity Bear (HDGE), iShares 20+ Year Treasury Bond (TLT) and iShares Core US Aggregate Bond (AGG). Cover iShares DJ Transports (IYT) short trade. For tracking purposes, these ETFs will be closed out of the portfolio using their respective average prices on October 6.
Remaining short stock trades in the Almanac Investor Stock Portfolio will also be closed out. Cover Blueknight Energy (BKEP), Lincoln Electric (LECO), Valmont Inds (VMI), Bluebird Bio (BLUE), Cheniere Energy (CQP), Norfolk Southern (NSC), Philip Morris (PM) and Praxair Inc (PX). Iron Mountain (IRM) and McDonalds (MCD) were stopped out on September 16. For tracking purposes, these stock trades will be closed out of the portfolio using their respective average prices on October 6.
The Almanac Investor Stock and ETF Portfolios will be updated to reflect these trades in our next regularly scheduled Alert, Tuesday, October 6, 2015.