The CMG NDR Large Cap Momentum Index remains in a sell (June 30, 2015 at S&P 500 Index level 2063). Two weeks ago, NDR’s Big Mo indicator moved to a sell signal and last week moved back to a buy signal.
I favor the CMG NDR Large Cap Momentum Index signal. Overall trend evidence remains negative for equities.
Sentiment remains pessimistic which is short-term bullish for the market. I share some thoughts on the S&P 500 Index (resistance levels – technical challenges) below.
The Zweig Bond Model remains bullish on high quality bonds.