Market Signals Summary:
Both the IBH and MAC stock market models are invested. The recession indicator COMP is up from last week’s level, and iM-BCIg is lower than last week’s level. MAC-AU is invested in the stock market. The bond market model avoids high beta (long) bonds, the yield spread is rising, both the gold and silver model are invested.
Stock-markets:The IBH-model is invested in the markets. The IBH model relies mainly on the long and short EMAs of the U.S. Weekly Leading Index’s growth rate. The IBH-model is described here and the latest rules can be found here .
The MAC-US model signals an up-market and stays invested. MAC-US Fig 2 shows the spreads of the moving averages. The sell-spread is down 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.
This model and its application is described in MAC-Australia: A Moving Average Crossover System for Superannuation Asset Allocations.
Recession:Figure 3 shows COMP up from last week’s level, and far away from signaling recession. COMP can be used for stock market exit timing as discussed in this article The Use of Recession Indicators in Stock Market Timing.
Please also refer to the BCI page
A description of this indicator can be found here.