NASDAQ Seasonal MACD Update: Christmas in July has Ended

By: Jeffrey A. Hirsch & Christopher Mistal

July 17, 2026

As of today’s close, the slower moving MACD “Sell” indicator applied to NASDAQ is negative. At the start of trading today, following Thursday’s loss, NASDAQ needed to gain at least 57.49 points (+0.22%) today to keep its MACD positive. That did not happen today. NASDAQ’s “Best Eight Months” has come to an end. We are now issuing our Seasonal MACD Sell signal for NASDAQ.

Sell Invescos 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 Monday, July 20.

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 remainder of the “Worst Months” this year. SHV and SGOV can be considered at current levels up to 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 2026 should heed this Seasonal Sell signal. Consider moving into our suggested bond ETFs and/or similar cash and cash equivalents.

Disclosure note: Officers of Hirsch Holdings Inc held positions in IWM, QQQ, SGOV, and TLT in personal accounts.