Market Signals Summary:
The IBH stock market model is out of the market. The MAC stock market model is invested, The recession indicator COMP is near last week’s level, and iM-BCIg is also near last week’s level. MAC-AU is invested. The bond market model avoids high beta (long) bonds, the yield curve is steepening, both the gold and silver model are invested.
Stock-markets:
![Fig 1 IBH 4-4-14](https://imarketsignals.com/wp-content/uploads/2014/04/Fig-1-IBH-4-4-14-100x100.png)
The MAC-US model stays invested. MAC-US Fig 2 shows the spreads of the moving averages. The sell-spread is higher from last week’s level. A sell signals is not imminent. The sell spread (red graph) has to move below the zero line for a sell signal
The MAC-AU model stays invested. MAC-AU Fig 2.1 shows the spreads of the moving averages of the Australia All Ordinaries Index. The sell-spread is near last week’s level. The sell spread (red graph) has to move below the zero line for a sell signal.
This model and its application is described in MAC-Australia: A Moving Average Crossover System for Superannuation Asset Allocations.
Recession:
![Fig 3 COMP 4-4-14](https://imarketsignals.com/wp-content/uploads/2014/04/Fig-3-COMP-4-4-14-100x100.png)
Fig. 3.1 shows our recession indicator iM-BCIg, near last week’s level. It is possible that BCIg may have peaked in June. A recession is not imminent as one can clearly see.
Please also refer to the BCI page
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