Market Positioning

INTERNAL ONLY
As of 2026-11-13
Generated 2026-11-13 14:31 UTC
DEFENSIVE
Bear exposure (50% equity) · factor leadership: Quality/Value · regime: Neutral. Trim equity to ~50% (or less); hold quality/value and defensives in the equity sleeve.
Exposure: Bear · 50% equity Factor tilt: Quality/Value Regime: Neutral Conviction: Low — one clear signal

1 · Trend / Exposure (MA 25/50)

IdxPriceMA25MA50MA200RegimeEquity
QQQ687.82702.93717.88681.24Bear50%
SPY759.58761.86764.19729.34Bear50%
Bull >MA25&50 · Defensive >MA50 ≤MA25 · Bear ≤MA50 · Deep Bear ≤MA50 & ≤MA200

2 · Factor (Pairwise Donchian N=30)

DGRO ★Div. Growth
6/6
IVEValue
5/6
SPHQQuality
4/6
GLDGold
3/6
DBMFMgd Futures
2/6
SPYGGrowth
1/6
SPMOMomentum
0/6
Winner: DGRO · since 22d · prev DBMF

3 · Regime (80-ETF RS)

ReadGapLeaning
Cyclicals vs Defensives+6 ptsrisk-on
Commodities vs Bonds-7 ptsdisinflation
Equities vs Bonds+15 ptsrisk appetite
TOP RELATIVE STRENGTH
AssetBucketScoreAgree
Health CareUS Sectors964/4
Consumer StaplesUS Sectors904/4
InsuranceUS Subsectors883/4
UAEEmerging Markets883/4
FinancialsUS Sectors843/4
Three independent signals: (1) tactical MA(25/50) exposure (MA-Dashboard); (2) pairwise-Donchian factor leadership (factor-mood); (3) multi-horizon relative-strength regime (etf-relative-strength). Returns are on dividend-adjusted closes. Internal use only — Lighthouse Canton Pte. Ltd. Not investment advice.