There was no change in the TrendFlex signals this week. 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||Long||11/22/17||+7.30%||+7.30%|
|TrendFlex Allegiance CR||Long||4/13/16||+38.0%||+38.0%|
The TrendFlex Score decreased from 1.24 to 1.14 and remains below its three-week moving average, a bullish development. It sits at an extremely low level, underscoring the risk to this level of equity prices.
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||32.7%||32.7%||1.00|
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 LQD indicator is at an extreme. Also shown below is VIX and Put/Call readings. The Put/Call ratio is near an extreme, while VIX is neutral.
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