Systematic. Directive. Historically Validated.

KEY TAKEAWAYS

🔷 Current Position: Defender remains in Regime 3 with full equity exposure.
🔷 Market Action: Broad market participation remains supportive, with multiple advance-decline measures confirming the uptrend. The NYSE all-issues, S&P 1500, and S&P 500 Advance-Decline Lines reached new highs in December, while uptrend momentum measures across large- and all-cap universes remain stable.