By Stephen Blumenthal, CEO, CMG Capital Management Group
The market feels heavy and the “sell in May and go away” seasonality issues are immediately in front of us. Although aged the overall trend remains positive as measured by Big Mo, 13/34-Week EMA and because volume demand continues to be stronger than volume supply (more buyers than sellers). “Don’t Fight the Fed” remains an important theme (at least for now).
- Cyclical Equity Market Trend: The Primary Trend Remains Bullish for Stocks
- Volume Demand Continues to Better Volume Supply: Bullish for Stocks
- Cyclical Trend for Bonds Remains Bullish