Mid-week review of the markets
from CMG Capital Management Group
Equities The equity market trend remains positive as measured by Big Mo and 13/34-week EMA. There is good technical support at S&P 500 Index 1900 area.
Bonds After a pretty healthy sell-off, our high yield strategy has moved back into a “buy” signal. The Zweig Bond Model is also back in a “buy” signal reflecting a bullish environment for longer-term treasury and corporate bond exposure.
Sentiment Daily sentiment is in the Extreme Pessimism zone (a bullish counter indicator) and weekly sentiment is nearing Extreme Pessimism.