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TrendFlex Credit Risk Premium Signals (CR)
There was no change to the TrendFlex Classic and Allegiance signals this week. The Classic CR signal has been worsening, as can be seen in the pop-up chart below.
| TrendFlex Signal | Trend | Date | Return |
S&P 500 Return |
| S&P 500 timing signals based on credit risk (CR) premiums (corporate vs.Treasury debt). | ||||
| TrendFlex Classic CR | Long | 9/14/17 | +1.00% | +1.00% |
| TrendFlex Allegiance CR | Long | 4/13/16 | +24.8% | +24.8% |
| Historic Performance | ||||
TrendFlex Score
The TrendFlex Score decreased from 1.53 to 1.22 to and remains below its three-week moving average, The TrendFlex Score is at a level that in the past has preceded setbacks in equities.
TrendFlex Trend Following Signals (TF)
The TrendFlex Classic TF and Allegiance signals remain in Uptrend.
| TrendFlex Signal | Trend | Date | Return |
S&P 500 Return |
Score |
|
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 |
1.00%
|
+1.00% | 1.0 |
| TrendFlex Allegiance TF | Uptrend | 5/31/16 | +20.0% | +20.0% | 1.0 |
| Historic Performance | |||||
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
- TED Spread
- 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 and LQD extreme indicators are at extremes.
The Portfolio Strategies chart remains bullish, with an edge toward risk-aversion.
| Portfolio Strategies* |
| Reduce Longs |
| Sell Calls |
| Hedge Longs |
| Set Stops on Longs |
| Short Overbought Equities |
| Add to Longs |
| Sell Puts |
| Hedge or Reduce Shorts |
| Long Futures and Options |
*Red highlighted items are recommended strategies
