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TrendFlex Credit Risk Premium Signals (CR)
TrendFlex Classic CR flipped to a SELL signal at Friday's close (investors were warned of shifts in the TrendFlex Classic CR trend in two recent blogs this week). The new SELL signal will be executed at 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||Uptrend; Downtrend at 9/12 open||6/29/16||-1.9%||-1.9%|
|TrendFlex Allegiance CR||Uptrend||4/13/16||+5.4%||+5.4%|
The TrendFlex Score soared from 1.45 to 1.81 and closed above its three-week moving average, a bearish development.
TrendFlex Trend-Following Signals (TF)
TrendFlex Classic shifted to a Downtrend 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||Uptrend; Downtrend 9/12/16 open||7/8/16||+1.0%||+1.0%||1.625|
|TrendFlex Allegiance TF||Uptrend||5/31/16||+1.3%||+1.3%||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