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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||+4.9%||+4.9%|
|TrendFlex Allegiance CR||Long||4/13/16||+22.4%||+22.4%|
The TrendFlex Score increased from 1.23 to 1.25 and remains below its three-week moving average, a bullish development. In keeping noting extremes in the TrendFlex Score, this current 1.27 level remains cautiously-bearish as a 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||+15.6%||+15.6%||1.00|
|TrendFlex Allegiance TF||Uptrend||5/31/16||+17.7%||+17.7%||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 and Put/Call are nearing extreme levels.
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