Technical indicators took a turn for the worse, following this week's 3.10% decline in the S&P 500. The TrendFlex Classic I and TrendFlex Allegiance I signals shift to Downtrend at the opening on Monday, February 8.
Performance is through market close on 2/05/16.
|TrendFlex Signal||Trend||Signal Date||Signal % Return||
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)|
|TrendFlex Classic 1||Neutral (Cash); Downtrend 2/8||1/4/2016||0.0%||-7.8%|
|TrendFlex Allegiance 1||Neutral (Cash); Downtrend 2/8||12/10/15||0.0%||-8.2%|
|S&P 500 timing signals based on credit risk premiums (corporate vs. Treasury debt) correlated with performance of the S&P 500|
|TrendFlex Classic II||Downtrend||12/10/15||+8.9%||-8.2%|
|TrendFlex Allegiance II||Downtrend||4/6/15||+9.8%||-9.0%|
The TrendFlex Score increased from 2.39 to 2.52, and closed above its three-week moving average, a bearish development.
|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.