Trend signals

***All trend signals are based on intermediate-term (3 month) momentum readings. They are intended to give directional bias, not necessarily a go long/short signal. Passive investors can use them to get in and out of markets efficiently. Active traders can merge these signals with their own strategy to help with directional bias and/or keep abreast of market conditions. My favorite way to use them is to asses risk on/off conditions during market phase transitions.

Indices & major sectorsTickerCurrent trend signalDate of last signal
Dow Jones Ind.DIANeutral9/15/2023
S&P 500SPYNeutral9/15/2023
Nasdaq 100QQQNeutral9/15/2023
Mid CapsMDYBearish9/7/2023
Russel 2000IWMBearish9/7/2023
Micro CapsIWCBearish8/22/2023
TechnologyXLKBearish9/15/2023
FinancialsXLFBullish6/9/2023
EnergyXLEBullish7/24/2023
Cons. DiscretionaryXLYBullish8/29/2023
IndustrialsXLIBearish9/15/2023
HealthcareXLVNeutral9/5/2023
Real EstateVNQBearish9/6/2023
MaterialsXLBNeutral9/6/2023
UtilitiesXLUBearish8/3/2023
Consumer StaplesXLPBearish8/14/2023
CommunicationsXLCBullish3/21/2023
Sub-sectorsTickerCurrent trend signalDate of last signal
SemiconductorsSMHBearish9/12/2023
SoftwareIGVBullish3/29/2023
Ark Tech ETFARKKBearish9/13/2023
Regional banksKREBearish9/8/2023
Oil ExplorersXOPBullish7/11/2023
SolarTANBearish7/24/2023
RetailXRTBearish9/8/2023
TransportsXTNBearish9/13/2023
AirlinesJETSBearish8/17/2023
Aerospace & DefenseITABearish9/8/2023
BiotechXBIBearish8/3/2023
Gold minersGDX Bearish7/21/2023
Metals/MiningXMEBullish6/28/2023
LithiumLITBearish8/7/2023
UraniumURABullish7/7/2023
HomebuildersITBBearish9/14/2023
Style FactorsTickerCurrent trend signalDate of last signal
High BetaSPHBBearish9/7/2023
Low BetaSPLVBearish9/17/2023
GrowthIWOBearish9/7/2023
ValueIWNBearish9/7/2023
MomentumMTUMNeutral9/15/2023
Foreign EquitiesTickerCurrent trend signalDate of last signal
Emerging MarketsEEMBearish8/15/2023
Japanese NikkeiNI225Bullish9/4/2023
SSE (Shanghai) CompSSEBearish8/11/2023
Korea CompKOSPINeutral9/15/2023
Hang Seng IndexHSIBearish8/15/2023
UK 100UKXBullish9/14/2023
German DAXDAXBearish8/8/2023
French 40CAC40Neutral9/14/2023
Spain 35IBEX35Neutral6/6/2023
BondsTickerCurrent trend signalDate of last signal
EuroDollar (cont. contract)GEBearish3/27/2023
U.S. 2 year yieldUS02YBullish5/25/2023
U.S. 10 year yieldUS10YBullish5/25/2023
U.S. 30 year yieldUS30YBullish5/8/2023
MOVE indexMOVEBearish8/25/2023
Inflation Protected BondsTIPBearish5/22/2023
High YieldHYGNeutral3/31/2023
Corporate / Inv. gradeLQDBearish8/3/2023
CurrenciesTickerCurrent trend signalDate of last signal
US Dollar IndexDXYBullish8/10/2023
USD vs EuroUSDEURBullish8/16/2023
USD vs JPYUSDJPYBullish7/21/2023
USD vs Canadian DollarUSDCADBullish8/10/2023
USD vs Swiss FrancUSDCHFBullish9/5/2023
USD vs Aussie DollarUSDAUDBullish8/3/2023
USD vs Kiwi DollarUSDNZDBullish8/3/2023
GoldGLDBearish9/7/2023
BitcoinBTCUSDBearish8/17/2023
EthereumETHUSDBearish8/17/2023
CommoditiesTickerCurrent trend signalDate of last signal
Oil (light crude)CLBullish7/13/2023
CopperHGNeutral7/15/2023
Blmbrg Comm IndexAWBullish7/14/2022
Invesco Base MetalsDBBNeutral9/1/2023
SilverSLVBearish9/7/2023
SoybeansZSNeutral9/15/2023
CornZCBearish7/28/2023
WheatZWBearish8/2/2023
LumberLBBearish8/29/2023

Percent of sectors ETFs that are bullish trend as of 9/16/2023:

Major sectors: 4 out of 11 = bullish trend | 36%
Sub-sectors: 4 out of 16 = bullish trend | 25%
Major + sub-sectors: 8 out of 27 = bullish trend | 30%