Market Signals Summary:
The MAC-US model is invested. Also, the “3-mo Hi-Lo Index of the S&P500” generated a buy signal on 10/3/2017 and is invested in the markets. The monthly updated S&P500 Coppock indicator is also invested. 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, and the yield curve seems to be flattening. Both the gold and silver Coppock models are invested, and the iM-Gold Timer is in gold since 7/10/2017.
Stock-markets:
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 above 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 below last week’s level at 10.97% (last week 10.96%) and is in the market since 8/22/2017.
The MAC-AU model is invested in the markets after it generated a buy signal on March 21, 2016. The sell-spread is above last week’s level and has to fall below zero to signal a sell.
This model and its application is described in MAC-Australia: A Moving Average Crossover System for Superannuation Asset Allocations.
Recession:

Figure 3.1 shows the recession indicator iM-BCIg which is up from last week’s level. An imminent recession is not signaled .
Please also refer to the BCI page
The Forward Rate Ratio between the 2-year and 10-year U.S. Treasury yields (FRR2-10) is below last week’s level and far away from signalling a recession. The FRR2-10 is trending downwards.
A description of this indicator can be found here.
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