Market Signals Summary:
The MAC-US model is invested. Also invested is the “VMNFX vs. SPY Timer” as well as the “3-mo Hi-Lo Index of the S&P500” after a buy signals mid December 2016. The monthly updated S&P500 Coppock indicator entered the markets in May. The MAC-AU is also invested. The recession indicators COMP and iM-BCIg do not signal a recession. The bond market model avoids high beta (long) bonds, the yield curve is indedeminate. Both the gold and silver Coppock models are invested, as is the iM-Gold Timer.
The MAC-US model generated a buy-signal 4/5/2016 and thus is invested in the stock-markets. The sell-spread (red graph) is up from last week’s level and has to fall below zero to signal a sell.
The 3-mo Hi-Lo Index of the S&P500 is near last week’s level and at 9.04% (last week 9.14%) and is in the market since 12/14/2016 when it crossed the 5% threshold.
The VMNFX vs. SPY Timer signaled an entry into the stock markets on 3/28/2016. For this model to exit the markets the indicator has to rise above the 2% trigger line, the indicator is above last week’s level.
This model and its application is described in MAC-Australia: A Moving Average Crossover System for Superannuation Asset Allocations.
Recession:Figure 3 shows the COMP above last week’s revised level. No recession is indicated. 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.