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NASDAQ Seasonal MACD Update: Midyear Rally Cools
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By:
Jeffrey A. Hirsch & Christopher Mistal
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July 14, 2025
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As of today’s close, the slower moving MACD “Sell” indicator applied to NASDAQ is negative. At the start of trading today, following Friday’s loss, NASDAQ needed to gain more than 73.41 points (+0.36%) today to keep its MACD positive. Today’s gain was not enough. NASDAQ’s “Best Eight Months” has come to an end. We are now issuing our Seasonal MACD Sell signal for NASDAQ.
Sell Invesco QQQ (QQQ).
Sell iShares Russell 2000 (IWM).
For tracking purposes, these positions will be closed out of the Tactical Switching Strategy ETF Portfolio using their respective average prices on Tuesday, July 15.
Existing positions in TLT, AGG and BND on are Hold. Cash, money market, and/or short-duration bond ETFs like SHV and SGOV are likely to be the least risky during the “Worst Months” this year. SHV and SGOV can be considered on dips below their respective buy limits.
As a reminder, traders/investors following the Best 6 + 4-Year Cycle switching strategy detailed on page 64 of the Stock Trader’s Almanac 2025 should heed this Seasonal Sell signal and consider moving into suggested bond ETFs above or similar cash and cash equivalents.
Disclosure note: Officers of Hirsch Holdings Inc held positions in IWM, QQQ, and SGOV in personal accounts.