Faster moving MACD “Buy” indicators applied to DJIA, S&P 500 and NASDAQ are all positive as of today’s close. With all three indices confirming, we are now issuing our Seasonal MACD Buy Signal.
Buy SPDR DJIA (DIA), SPDR S&P 500 (SPY), Invesco QQQ (QQQ), and iShares Russell 2000 (IWM) in the Almanac Investor Tactical Seasonal Switching Strategy Portfolio. Buy limits for DIA, SPY, QQQ and IWM are initially today’s closing price plus 1%. For example if today’s closing price was $270, then the buy limit would be $272.70 (closing price * 1.01 = buy limit). For tracking purposes, these ETFs will be added to the portfolio using their respective average prices on October 14. This price will be calculated by summing the high and low prices and dividing by two.
Defensive bond positions in AGG, BND and TLT, were officially stopped out in mid-September and closed.
In the Almanac Investor Sector Rotation Portfolio, Buy XLV, XLP, IBB, IYW, IYT, IYZ, SOXX, XLY, XLF, XLI, XLB, XLK and VNQ. Use a 1% Buy Limit for these positions as detailed above. For tracking purposes, these ETFs will be added to the portfolio using their respective average prices on October 14.
“Worst Months” trades in XLU and IYT short position have been stopped out. XLU was closed at $64.12 on October 9 after closing below its stop on the previous day. IYT was stopped out today and will be closed out on Monday.
A special email Alert will be sent on Monday, October 14 after the close updating the Tactical Seasonal Switching ETF Portfolio and the Sector Rotation ETF Portfolio.