Trade Signals is Steve Blumenthal’s “risk on – risk off” call on market volatility and adjusting portfolio positioning for the market conditions. Steve illustrates his outlook on a weekly basis through the use of Sentiment Charts. The most recent Trade Signals:
With the 50 point S&P 500 Index sell-off has come a decline in investor optimism. Additionally, selling volume is once again stronger than buying volume putting the Supply/Demand indicator back in a sell.
Equity Trade Signals:
- CMG Ned Davis Research (NDR) Large Cap Momentum Index: Sell Signal – Bearish for Equities.(Last signal on June 30, 2015, S&P 500 Index level 2063.11)
- Long-term Trend (13/34-Week EMA) on the S&P 500 Index: Buy Signal – Bullish Cyclical Trend for Equities
- Volume Demand is greater than Volume Supply: Sell Signal – Bearish for Equities
- NDR Big Mo: See note link to full Trade Signals below (active signal: buy signal on March 4, 2016 at 1999.99)
- Don’t Fight the Tape or the Fed: Indicator Reading = +1 (Bullish for Equities)
Cyclical Equity Market Trend: The Primary Trend Is Neutral for Stocks
CMG NDR Large Cap Momentum Index – Sell Signal – The Momentum and Market Breadth Data is signaling Bearish for U.S. Equities (the last signal was generated on June 30, 2015 with the S&P 500 Index at 2063.11). This is my favorite risk-on/risk-off equity market indicator.
By Steve Blumenthal | See full story in Trade Signals – Markets Haven’t Liked Mondays Over The Last Five Years
The current opinions and forecasts expressed herein are solely those of Steve Blumenthal and are subject to change. They do not represent the opinions of CMG. CMGs trading strategies are quantitative and may hold a position that at any given time does not reflect Steve’s forecasts. Steve’s opinions and forecasts may not actually come to pass. Information on this site should not be used as a recommendation to buy or sell any investment product or strategy.