SPDR DJIA ETF (DIA), SPDR S&P 500 ETF (SPY), PowerShares QQQ (QQQ), and iShares Russell 2000 (IWM)
From Stock Trader’s Almanac
Faster moving MACD indicators applied to DJIA, S&P 500 and NASDAQ are all positive as of today’s close. The criteria to issue our Seasonal MACD Buy Signal have been satisfied. With all three indices confirming, we are now issuing our Seasonal MACD Buy Signal. The “Best Six/Eight Months” have officially commenced.
Buy SPDR DJIA (DIA), SPDR S&P 500 (SPY), PowerShares QQQ (QQQ), and iShares Russell 2000 (IWM). For tracking purposes, these ETFs will be added to the portfolio using their respective average prices on October 25. This price will be calculated by summing the open and close prices and dividing by two. Buy limits for DIA, SPY, QQQ and IWM are initially today’s closing price plus 1%. For example, if today’s closing price was $100, then the buy limit would be $101 (close * 1.01 = buy limit).
Jeffrey A. Hirsch, Stock Trader’s Almanac, www.stocktradersalmanac.com, 800-762-2974, October 24, 2016