As noted in our Wednesday night update, the TrendFlex Classic I signals shifted to Neutral (Cash), while TrendFlex Classic II signal shifted to Downtrend, all at the market open on Thursday, 12/10. . TrendFlex Allegiance II remains in a Downtrend. Performance results of the closed signals can be found in the link below.
Performance is through market close on 12/11/15.
|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)||12/10/15||+0.0%||-1.7%|
|TrendFlex Allegiance 1||Neutral (Cash)||12/10/15||+0.0%||-1.7%|
|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||+1.8%||-1.7%|
|TrendFlex Allegiance II||Downtrend||4/6/15||+2.6%||-2.5%|
The TrendFlex Score climbed to 1.89 on the week, closing above its three-week moving average.
Capital preservation is suggested at this juncture in the market. We will be looking for a potential bounce this week and perhaps a smoother ride into year-end.
|Set Stops on Longs|
|Short Overbought Equities|
|Add to Longs|
|Hedge or Reduce Shorts|
|Long Futures and Options|
Click here for the cumulative returns and trade history for the Baseline Analytics TrendFlex systems since their initial trades.