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TrendFlex Credit Risk Premium Signals (CR)
9/22/16 Market Close Update
TrendFlex Classic CR shifted to a BUY signal at today's close, which will be effective with the opening price of the S&P 500 on 9/23/16.
TrendFlex Classic CR flipped to a SELL signal at the 9/9/16 close (signal effective with the 9/12/16 market open). The longer-term Allegiance signal remains on a buy.
S&P 500 Return
|S&P 500 timing signals based on credit risk (CR) premiums (corporate vs.Treasury debt).|
|TrendFlex Classic CR||Downtrend||9/9/16||-0.9%||+0.9%|
|TrendFlex Allegiance CR||Uptrend||4/13/16||+5.9%||+5.9%|
The TrendFlex Score declined slightly from 1.81 to 1.80 and remains above its three-week moving average, a bearish development.
TrendFlex Trend-Following Signals (TF)
TrendFlex Classic shifted to a Downtrend at the 9/9/16 close (signal effective with the 9/12/16 market open). Allegiance trend-following systems remain on 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||Downtrend||9/9/16||-0.9%||+0.9%||1.625|
|TrendFlex Allegiance TF||Uptrend||5/31/16||+1.9%||+1.9%||2.30|
The Portfolio Strategies chart remains a bit defensive; we have removed the "Add to Longs" suggestion as we sort through the market's recent sell-off.
|Set Stops on Longs|
|Short Overbought Equities|
|Add to Longs|
|Hedge or Reduce Shorts|
|Long Futures and Options|
*Red highlighted items are recommended strategies