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Seasonal MACD Update: Still on Hold Due to End-of-Day Retreat
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By:
Jeffrey A. Hirsch & Christopher Mistal
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October 07, 2021
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As of today’s close, our Seasonal MACD Buy Signal is still on Hold. Faster moving 8-17-9 MACD indicators applied to DJIA and S&P 500 have crossed over, but NASDAQ failed to confirm today. Without confirmation across all three indexes the criteria to issue our Seasonal Buy signal has NOT been met.
The criteria to issue our Seasonal MACD Buy Signal is:
1. A new buy signal crossover using our 8-17-9 MACD indicator AND
2. The crossover must occur on or after the first trading day of October AND
3. DJIA, S&P 500 and NASDAQ MACD indicators must all be in agreement.
Tactical Seasonal Switching Strategy Portfolio Update
In preparation for our upcoming Seasonal MACD Buy Signal, our usual core four ETF positions appear in the portfolio table below. Continue to hold defensive positions in iShares Core US Aggregate Bond (AGG) and Vanguard Total Bond Market (BND). When we issue our Seasonal MACD Buy, we will look to exit AGG and BND and consider establishing positions in DIA, IWM, QQQ and SPY.