“The Board Reversed, and the Barometer Fell 22 Points Out of Neutral“ Trend Following Weekly Report Almost exactly as many markets rose this week as rose last week. They were largely the opposite markets. Energy went from leading the board...
“Crude Extends Its Breakout as Trend Followers Are Paid in a Neutral Environment“ Trend Following Weekly Report The question this column left open a week ago has an answer. Energy held its breakout and led the board again, up 3.51...
For five straight months, trend following in 2026 had told a simple story. Trends were there, the benchmarks captured them, and the numbers went up. June broke that story in the most instructive way possible: the trend environment got measurably...
When Better Conditions Cost Money: The Month of the Turn After May delivered the quietest month of the year and its narrowest dispersion, June reversed both. Every benchmark in the Battle of the Trend Following Indexes finished negative, where in...
Introduction Systematic trend following performance in June 2026 turned negative for the first time this year. The benchmark declined -1.26 percent as risk-off conditions swept across asset classes and sharp reversals punished extended positioning. After months of consolidation and patience,...
“Energy Takes the Lead as Trend Strength Rises to Strong“ Trend Following Weekly Report Leadership rotated sharply this week as the energy complex took control while many of the previous week’s strongest commodity trends reversed. Energy led the board, up...
“Commodities Take the Lead as Trend Strength Falls to Moderately Weak“ Trend Following Weekly Report Leadership rotated decisively this week as the commodity sectors took control while many of the previous week’s leaders reversed. Grains led the board, up 5.25...
“Risk Appetite Returns: the Equity Indices and Metals Rebound and Soft Commodities Lead as the Barometer Climbs to Very Strong While the SG Trend Index Slips Again“ Trend Following Weekly Report The week rebounded across most of the board, reversing...
“A trend persists until, self-similar at every scale, it does not; the turn is the market changing its mind about the future.” Fractals of Finance About This Report The ATS Classic Trend Benchmarking Portfolio is a systematic trend-following reference model....
“Risk-Off Rotation: Energy and Metals Lead a Broad Decline as the Equity Uptrend Pauses and the Barometer Firms to the Favourable Boundary” Trend Following Weekly Report The week turned lower across most of the board, with the heaviest moves in...
