Seasonal MACD Update: Continue to Hold
By: Christopher Mistal
April 20, 2023
Continue to Hold positions associated with DJIA’s and S&P 500’s “Best Months” seasonal switching strategy. From our Seasonal Buy signal last October through today’s close, DJIA is up 11.45% and S&P 500 has gained 8.94% excluding dividends and trading fees.
[DJIA Daily Bar Chart and MACD Indicator]
[S&P 500 Daily Bar Chart and MACD Indicator]
As of today’s close, MACD indicators applied to DJIA, and S&P 500 remain positive, but trending toward a crossover as indicated by the falling size of the bars annotated by the arrows in the above chart. It would currently take single-day DJIA and S&P 500 declines of 568.52 points (1.68%) and 28.94 points (0.70%) respectively to turn both MACD indicators negative. As a reminder, both DJIA and S&P 500 MACD indicators must be negative to satisfy the criteria of our Seasonal Sell signal. Should S&P 500 MACD turn negative, but DJIA MACD does not, then there is no Seasonal Sell signal – or visa versa. 
We will issue our Seasonal MACD Sell signal via email when corresponding MACD Sell indicators applied to DJIA and S&P 500 both crossover and issue a new sell signal.