Barclays’ Stock Indicator Flashes First Buy Signal Since August

Battered traders looking for a reason to wade back into this week’s turbulent market just got one from a Barclays Plc model with a solid track record.

The firm’s Equities Timing Indicator, known as BETI, fell below -7 for the first time since Aug. 4, Alexander Altmann, global head of equities tactical strategies wrote in a note to clients on Friday. That level has a 10-year track record of signaling near-term advances in the S&P 500.