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TrendFlex Credit Risk Premium Signals (CR)
There was no change to the TrendFlex Classic and Allegiance signals this week.
S&P 500 Return
|S&P 500 timing signals based on credit risk (CR) premiums (corporate vs.Treasury debt).|
|TrendFlex assic CR||Long||3/28/17||+4.4%||+4.4%|
|TrendFlex Allegiance CR||Long||4/13/16||+21.8%||+21.8%|
The TrendFlex Score decreased from 1.47 to 1.23 and closed below its three-week moving average, a bullish development. In keeping noting extremes in the TrendFlex Score, this current 1.23 level is a bearish contrarian signal; a similar low of 1.22 in the week ending March 23 preceded a 44 point decline in 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;||11/8/16||+14.9%||+14.9%||1.00|
|TrendFlex Allegiance TF||Uptrend||5/31/16||+17.1%||+17.1%||1.00|
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 reading is reaching an extreme; not there yet but likely in the next day or two.
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