Seasonal MACD Update: No Go, Still Negative By: Christopher Mistal | October 03, 2019 | Email | Print

As of today’s close, our Seasonal MACD Buy Signal is on Hold. Our 8-17-9 MACD “Buy” indicator applied to DJIA, S&P 500 and NASDAQ are all negative (blue arrows in charts below). Currently, single day gains of 1534.34 DJIA points (5.86%), 150.70 S&P 500 points (5.18%) and 363.34 NASDAQ points (4.62%) are needed to turn our MACD indicators positive on all three indexes.

 

The criteria to issue our Seasonal MACD Buy Signal is a new buy signal using our 8-17-9 MACD indicator on or after the first trading day of October and DJIA, S&P 500 and NASDAQ must be in agreement. These criteria are not satisfied.

 

 

 

In preparation for our Seasonal MACD Buy Signal, DIA, IWM, QQQ and SPY appear in the table below. These are the four ETFs that will be utilized to trade the upcoming “Best Months.” Prices will be updated when we issue our Seasonal MACD Buy Signal.

 

Defensive bond positions were all stopped out on September 13. The average gain on AGG, BND and TLT was 6% excluding dividends and trading costs. This compares favorably to DJIA and S&P 500 gains of 3% and 2.9% from our Seasonal MACD Sell Signal on May 1 through September 13. From May 1 close through today, the result is even better as DJIA and S&P 500 are negative.