CMG CAPITAL MANAGEMENT GROUP
MID-WEEK MARKET REVIEW
By Steve Blumenthal, CIO, CMG Capital Management Group
Technical evidence remains positive. Big Momentum (“Mo”) is in a buy signal since October 14, 2011 and trend evidence (as measured by the 13/34-Week EMA (see chart below) is positive.
Investor sentiment has moved quickly from Extreme Pessimism to Extreme Optimism. This is neutral at best with such optimism suggesting caution.