NASDAQ’s Best Eight Months Update
By: Jeffrey Hirsch & Christopher Mistal
June 13, 2016
As of today’s close, both the faster and slower moving MACD indicators applied to NASDAQ have turned negative. At this time we are issuing our official MACD Seasonal Sell signal for NASDAQ
NASDAQ’s “Best Eight Months” have come to an early end. As a result, Sell SPDR Technology (XLK), iShares Russell 2000 (IWM) and PowerShares QQQ (QQQ). For tracking purposes, these positions will be closed out of the ETF Portfolio using tomorrow’s average price.
Also, at this time we will officially add to existing positions in iShares 20+ Year Treasury Bond (TLT), iShares Core US Aggregate Bond (AGG) and AdvisorShares Ranger Equity Bear (HDGE) using tomorrow’s average price. New buy limits appear below in the updated ETF Portfolio.
This NASDAQ Seasonal Sell Signal is a reminder to tighten stop losses and/or take profits on technology related positions as NASDAQ’s seasonally favorable period has come to an end. Russell 2000 exhibits a similar pattern to NASDAQ. In tomorrow’s regularly scheduled Alert, we will update holdings in the Stock Portfolio and take appropriate action based upon today’s Sell Signal.
[Almanac Investor ETF Portfolio June 13, 2016 Closes]
Disclosure Note: At press time, officers of the Hirsch Organization, or accounts they control held a position in AGG, HDGE, QQQ and TLT.