Index Update 17.10.2015

MOMENTUM

We run our proprietary momentum scoring algorithm on indices just like we do on stocks. You can use the momentum scores of sub-indices to get a sense for which sectors have the wind on their backs and those that are facing headwinds.

Traders can pick their longs in sectors with high short-term momentum and their shorts in sectors with low momentum. Investors can use the longer lookback scores to position themselves using our re-factored index Themes.

You can see how the momentum algorithm has performed on individual stocks here.

Here are the best and the worst sub-indices:

Relative Strength Spread

Refactored Index Performance

50-day performance, from August 05, 2015 through October 16, 2015:

Equally Weighted		Market Cap. Weighted
CNX PHARMA (EQUAL)	+2.75%	CNX PHARMA (CAP)	+5.01%
CNX REALTY (EQUAL)	+1.57%	CNX REALTY (CAP)	+0.57%
CNX IT (EQUAL)	-2.27%	NI15 (CAP)	-0.58%
CNX ENERGY (EQUAL)	-2.77%	CNX MEDIA (CAP)	-0.81%
NI15 (EQUAL)	-2.84%	NSE QUALITY 30 (CAP)	-1.25%
NSE QUALITY 30 (EQUAL)	-3.24%	CNX IT (CAP)	-1.61%
CNX MEDIA (EQUAL)	-3.27%	CNX FMCG (CAP)	-3.15%
CNX INFRA (EQUAL)	-3.74%	CNX CONSUMPTION (CAP)	-3.58%
CNX SERVICE (EQUAL)	-4.38%	CNX SERVICE (CAP)	-3.76%
CNX FINANCE (EQUAL)	-4.92%	CNX FINANCE (CAP)	-4.16%
LIX15 Midcap (EQUAL)	-5.00%	LIX15 Midcap (CAP)	-5.06%
CNX CONSUMPTION (EQUAL)	-5.13%	CNX ENERGY (CAP)	-5.38%
CNX COMMODITIES (EQUAL)	-5.94%	CNX BANK (CAP)	-5.47%
LIX 15 (EQUAL)	-6.50%	CNX AUTO (CAP)	-5.94%
NV20 (EQUAL)	-6.72%	NV20 (CAP)	-6.15%
CNX BANK (EQUAL)	-6.74%	CNX COMMODITIES (CAP)	-7.72%
CNX PSE (EQUAL)	-7.40%	LIX 15 (CAP)	-7.98%
CNX AUTO (EQUAL)	-7.49%	CNX MNC (CAP)	-8.60%
CPSE INDEX (EQUAL)	-8.32%	CNX INFRA (CAP)	-9.06%
CNX PSU BANK (EQUAL)	-8.45%	CNX PSE (CAP)	-9.41%
CNX MNC (EQUAL)	-8.57%	CNX PSU BANK (CAP)	-9.89%
CNX FMCG (EQUAL)	-8.98%	CPSE INDEX (CAP)	-10.29%
CNX METAL (EQUAL)	-10.22%	CNX METAL (CAP)	-13.97%

Trend Model Summary

Index	Signal	% From Peak	Day of Peak
CNX AUTO	LONG	9.15	2015-Jan-27
CNX BANK	SHORT	12.86	2015-Jan-27
CNX COMMODITIES	LONG	34.08	2008-Jan-04
CNX CONSUMPTION	SHORT	5.14	2015-Aug-05
CNX ENERGY	LONG	32.46	2008-Jan-14
CNX FMCG	SHORT	8.34	2015-Feb-25
CNX INFRA	LONG	51.93	2008-Jan-09
CNX IT	LONG	88.13	2000-Feb-21
CNX MEDIA	LONG	15.16	2008-Jan-04
CNX METAL	LONG	65.79	2008-Jan-04
CNX MNC	SHORT	9.23	2015-Aug-10
CNX NIFTY	SHORT	8.43	2015-Mar-03
CNX PHARMA	SHORT	4.54	2015-Apr-08
CNX PSE	LONG	32.11	2008-Jan-04
CNX PSU BANK	SHORT	39.36	2010-Nov-05
CNX REALTY	SHORT	90.28	2008-Jan-14
CNX SERVICE	SHORT	9.35	2015-Mar-03

A retracement is underway for most indices. CNX 100 broke about its 50-day SMA, activating the Tactical CNX 100 Theme. With most companies yet to announce their results, curb your enthusiasm.