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NASDAQ Seasonal MACD Update
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By:
Jeffrey A. Hirsch & Christopher Mistal
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July 14, 2021
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As of today’s close, the slower moving MACD “Sell” indicator applied to NASDAQ turned negative. At this time we are issuing our official MACD Seasonal Sell signal for NASDAQ.
NASDAQ’s “Best Eight Months” and Mid-Year Rally have come to an end. As a result, Sell PowerShares QQQ (QQQ). For tracking purposes, this position will be closed out of the Tactical Switching Strategy ETF Portfolio using its respective average price tomorrow, July 15.
Also consider adding to existing positions in iShares Core US Aggregate Bond (AGG) and Vanguard Total Bond Market (BND) on dips. Suggested buy limits:
AGG – $115.00
BND – $85.65
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 and small-cap positions could also be reviewed.