The short term Classic signal shifted to long at the market open on Monday. The long term Allegiance signal remains short but near a buy point (looking for confirmation).
S&P 500 Return
|S&P 500 timing signals based on credit risk (CR) premiums (corporate vs.Treasury debt).|
|TrendFlex Classic CR||Long||7/6/2018||+1.20%||+1.20%|
|TrendFlex Allegiance CR||Short||5/212018||-2.40%||+2.50%|
The TrendFlex Score increased from 1.63 to 1.64 and is barely above its three-week moving average.
TrendFlex Trend Following Signals (TF)
The TrendFlex Classic shifted to uptrend this week, while Allegiance remains in uptrend mode.
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||7/10/18||
|TrendFlex Allegiance TF||Uptrend||5/31/16||+33.40%||+33.40%||1.125|
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. There are no extreme readings this week.
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