The short term TrendFlex Classic signal shifted to short at the 2/20 market close. The longer term Allegiance signal remains long. Click here for a primer on the TrendFlex Score and TrendFlex Signals.
S&P 500 Return
|S&P 500 timing signals based on credit risk (CR) premiums (corporate vs.Treasury debt).|
|TrendFlex Classic CR||Short||2/20/2018||-1.10%||+1.10%|
|TrendFlex Allegiance CR||Long||4/13/16||+36.10%||+36.10%|
The TrendFlex Score decreased from 1.74 to 1.71 and closed below its three-week moving average.
TrendFlex Trend Following Signals (TF)
The TrendFlex Classic TF remains bearish, while Allegiance remains in uptrend.
S&P 500 Return
S&P 500 timing signals based on a weighted score of US Market technical indicators. Classic (short-term) and Allegiance (intermediate to long term). Score: Bullish = 1.0-1.75; Neutral = 1.75-2.25; Bearish = 2.25-3.0
|TrendFlex Classic TF||Bearish||2/5/18||
|TrendFlex Allegiance TF||Uptrend||5/31/16||30.80%||30.80%||1.375|
Baseline Analytics Extremes Indicators
Baseline Analytics Extremes highlights four key TrendFlex Indicators and their level of extreme readings. The key indicators include the following:
- CBOE VIX and Put/Call Ratio
- Moving Average Cross Momentum Signals
- LQD vs. S&P 500 GAP reading
When one or more of these indicators has reached an extreme reading, chart and commentary will follow. The VIX indicator remains at an extreme. The LQD indicator is also at an extreme that in the past has marked short-term bottoms in equities. There are no extreme readings following thie week's market close.
Portfolio Strategy Table
The Portfolio Strategies chart remains bullish, with an edge toward risk-aversion.
|Set Stops on Longs|
|Short Overbought Equities|
|Add to Longs|
|Hedge or Reduce Shorts|
|Long Futures and Options|
*Red highlighted items are recommended strategies