The short term TrendFlex Classic signal remains short.. The longer term Allegiance signal shifted to a short position also, that date is marked at the market close of 3/14. 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||+4.90%||-4.70%|
|TrendFlex Allegiance CR||Short||3/14/2018||+6.10%||-5.70%|
The TrendFlex Score increased from 1.67 to 1.91 and closed above its three-week moving average, a bearish development.
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||23.20%||23.20%||1.625|
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 (especially the Put/Call ratio). The LQD indicator is also at an extreme that in the past has marked short-term bottoms in equities.
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