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TrendFlex Credit Risk Premium Signals (CR)
there was no change to the TrendFlex Classic and Allegiance signals this week. TrendFlex Classic CR was rather volatile but ended bullish for the week.
S&P 500 Return
|S&P 500 timing signals based on credit risk (CR) premiums (corporate vs.Treasury debt).|
|TrendFlex Classic CR||Long||3/28/17||+0.0%||-0.0%|
|TrendFlex Allegiance CR||Long||4/13/16||+16.7%||+16.7%|
The TrendFlex Score remained unchanged at 1.58 and remains slightly above its three-week moving average.
TrendFlex Trend Following Signals (TF)
The TrendFlex Classic TF and Allegiance signals remain in Uptrend. The Classic signal remains near a neutral score.
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||+10.1%||+10.1%||1.70|
|TrendFlex Allegiance TF||Uptrend||5/31/16||+12.2%||+12.2%||1.375|
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. This week, there are no extreme readings in the Extremes technical indicators charts.
The Portfolio Strategies chart remains bullish, with an edge toward risk-aversion. A short position in an S&P 500 e-mini future contract, for example, is one strategy to help hedge long positions.
|Set Stops on Longs|
|Short Overbought Equities|
|Add to Longs|
|Hedge or Reduce Shorts|
|Long Futures and Options|
*Red highlighted items are recommended strategies