“We are 5.75 years into the mega-bull market that began in 2009. That is a very long period for even mega-bulls. Compare it with bulls from 1923 (5.83 years), 1994 (5.75 years), and 2002 (5.0 years).” Ned Davis (Ned’s Insights December 10, 2014)
I’ve mentioned several times that the bull market is aged. The above quote from NDR puts that comment into better perspective. Overall, not too much has changed since last week. Trend evidence continues to lean bullish and sentiment remains too optimistic (suggesting caution). As long as trend evidence is bullish, I remain in the buy-the-dip camp and own equities (but hedged).
Included in this week’s Trade Signals: (See the full story and important disclosures: Trend Positive, Sentiment Remains Too Optimistic:
- Cyclical Equity Market Trend: Cyclical Bullish Trend for Stocks Remains Bullish
- Volume Demand Continues to Better Volume Supply – This Too Remains Bullish
- Weekly Investor Sentiment Indicator:
- NDR Crowd Sentiment Poll: Extreme Optimism (Caution)
- Daily Trading Sentiment Composite: Extreme Optimism (Caution)
- The Zweig Bond Model: Cyclical Trend for Bonds Remains Bullish
Steve Blumenthal is CEO and Chief Investment Officer of CMG Capital Management Group. CMG manages tactical portfolios and strategies for advisors, individuals, and institutions. The objective behind all of Mr. Blumenthal’s work is to help advisors build better portfolios by allocating with a long-term game plan that is risk sensitive and properly diversified. Mr. Blumenthal is a self-proclaimed “quant geek,” with an analytical mind for the markets that helps him connect with everyday investors and industry experts alike.