The TrendFlex signals remain unchanged for the week, although Allegiance I has been waffling between neutral and long, and Classic I slipped markedly but remains long.
Performance is through market close on 4/08/16.
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 1||Uptrend||3/2/16||+3.6%||+3.6%||1.700|
|TrendFlex Allegiance 1||Uptrend||3/31/16||-0.8%||-0.8%||1.875|
|S&P 500 timing signals based on credit risk premiums (corporate vs.Treasury debt).|
|TrendFlex Classic II||Uptrend||3/1/16||+5.7||+5.7%|
|TrendFlex Allegiance II||Uptrend||3/14/16||+1.4%||+1.4%|
The TrendFlex Score declined from 1.60 to 1.55, and remains below its three-week moving average. Based on performance during the essentially flat market since May 2015, this level may indicate a shift in equities to a downtrend. Considering the reading in the Classis I and Allegiance I scores, hedging longs may now be in order.
|Set Stops on Longs|
|Short Overbought Equities|
|Add to Longs|
|Hedge or Reduce Shorts|
|Long Futures and Options|
*Red highlighted items are recommended strategies
Click here for the cumulative returns and trade history for the Baseline Analytics TrendFlex systems since their initial trades.