Please keep in mind that the CI is designed to be intentionally stubborn and avoid the whipsaw effect. That characteristic helps differentiate between periods of high market volatility that are expected from time to time, and a systematic breakdown. We are monitoring the CI closely as well as our other signals, and we will make adjustments accordingly. We expect this market volatility to continue for the next several weeks.

This article was written by Gary Stringer, CIO, Kim Escue, Senior Portfolio Manager, and Chad Keller, COO and CCO at Stringer Asset Management, a participant in the ETF Strategist Channel.


Any forecasts, figures, opinions or investment techniques and strategies explained are Stringer Asset Management, LLC’s as of the date of publication. They are considered to be accurate at the time of writing, but no warranty of accuracy is given and no liability in respect to error or omission is accepted. They are subject to change without reference or notification. The views contained herein are not to be taken as advice or a recommendation to buy or sell any investment and the material should not be relied upon as containing sufficient information to support an investment decision. It should be noted that the value of investments and the income from them may fluctuate in accordance with market conditions and taxation agreements and investors may not get back the full amount invested.

Past performance and yield may not be a reliable guide to future performance. Current performance may be higher or lower than the performance quoted.

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Index Definitions:

S&P 500 Index – This Index is a capitalization-weighted index of 500 stocks. The Index is designed to measure performance of a broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.

S&P 500 Value Index – This Index is a capitalization-weighted index consisting of those stocks within the S&P 500 Index that exhibit strong value characteristics based on book/price ratio, earnings/price ratio and sales/price ratio.

S&P Midcap 400 Index – This Index is a capitalization-weighted index of 400 stocks. The Index is designed to measure the performance of mid-sized companies, reflecting the distinctive risk and return characteristics of this market segment.