Investing 101 !

The TOGGLE Leading Indicator of 5,000 US stocks is an aggregated breadth measure of how many insights produced by TOGGLE are bearish or bullish.

The intuition behind the indicator is that when TOGGLE insights tend to be for the majority bullish, pressures on the aggregate market are to the upside. And vice versa of course.

**Performance so far (updated: Jan 30th, 2022)**

We have been studying the indicator throughout 2021 and observed that the indicator appears to correctly point to upside or downside risk in the broad market.

When the indicator rallies above 0.15 or falls below -0.15, then the chance of upside or downside moves respectively becomes higher statistically.

**Where to find the TLI**

The TLI is currently only available in the Friday Edition of the TOGGLE Daily Brief. Work is underway to bring the indicator in-app.

**How to read the charts below**

The **first chart** shows SPX overimposed on blue and red bars. The bars represent moments when the TLI reached bullish (blue) or bearish (red) thresholds, set at 0.15 and -0.15 respectively.

The **second chart** shows the TLI moved to the right by 12 days, and compared with the performance range of SPX. To be precise, the orange area shows the range of max-to-min returns experienced by SPX.

The **third chart (bottom-left)** is the scatterplot version of the second chart. It additionally shows the maximum and minimum returns one can expect based on the relationship between TLI and SPX in the past.

The **fourth chart (bottom-right)** finally shows the Granger correlation analysis of the TLI vs SPX returns. The chart confirms that for the period under study the TLI had a higher correlation with future returns of SPX rather than with its current returns. In other words, this chart seeks to confirm the TLI is a leading indicator rather than a coincident one.

![TOGGLE leading indicator graphs](https://storage.googleapis.com/toggle-webcm/https://storage.googleapis.com/toggle-webcm/aggregate_toggle_signals_spx_6_7_8_stars_4_182fc5e8c1/aggregate_toggle_signals_spx_6_7_8_stars_4_182fc5e8c1.png)

The TOGGLE Leading Indicator

Guide to TOGGLE

The best way to get in touch with the TOGGLE team is through email or live chat:

Email support@toggle.ai 

Chat with us via the website help robot -> “Chat with us”

![finding live chat on TOGGLE](https://storage.googleapis.com/toggle-webcm/https://storage.googleapis.com/toggle-webcm/Screen_Shot_2022_02_07_at_3_44_21_PM_d06a1b2c52/Screen_Shot_2022_02_07_at_3_44_21_PM_d06a1b2c52.png)

	3. Call us: +1 646-844-1878

	4. Social media: @Toggle AI on Twitter, Facebook, LinkedIn 


Please email us for any of the following requests: 

- How can I join the daily brief newsletter?
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- I am interested in trialing TOGGLE Pro
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Additional Support Resources

The TOGGLE Leading Indicator