The TrendFlex Classic CR signal shifted to a SELL on 11/9/17. There was no change to the longer-term TrendFlex Allegiance signal this week.
S&P 500 Return
|S&P 500 timing signals based on credit risk (CR) premiums (corporate vs.Treasury debt).|
|TrendFlex Classic CR||Sell||11/9/17||+0.10%||-0.10%|
|TrendFlex Allegiance CR||Long||4/13/16||+28.0%||+28.0%|
The TrendFlex Score increased from 1.42 to 1.46 and remains above its three-week moving average, underscoring the risk to long positions at this level of the S&P 500.
TrendFlex Trend Following Signals (TF)
The TrendFlex Classic TF and Allegiance signals remain 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||Uptrend||9/14/17||
|TrendFlex Allegiance TF||Uptrend||5/31/16||23.0%||23.0%||1.50|
Baseline Analytics Extremes
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 (new addition to our list; we removed the TED Spread indicator as it's effectiveness has diminished.
- 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 LQD indicator still shows a sizeable gap versus its moving average.
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