Following is a summary of Steve Blumenthal’s weekly Trade Signals (6/10/2015).
Trend evidence remains favorable as measured by Big Mo and the 13/34-Week Moving Average. Volume Demand continues to be stronger than Volume Supply (which is bullish for stocks).
Because rates are so low and risk high, I believe some form of process to stay on the right side of the trade simply makes sense. Keep an eye on the Zweig Bond Model and I favor Big Mo for equities. Nothing is perfect in this business yet price momentum can tell us a lot about major market trends and, as the saying goes, let the trend be your friend. The most recent charts are posted below.
Included in this week’s Trade Signals:
- Cyclical Equity Market Trend: The Primary Trend Remains Bullish for Stocks
- Volume Demand Continues to Better Volume Supply: Bullish for Stocks
- Weekly Investor Sentiment Indicator:
NDR Crowd Sentiment Poll: Neutral Optimism (short-term Neutral for stocks)
Daily Trading Sentiment Composite: Neutral Signal (short-term Neutral for stocks)
- Recession Watch – My Favorite Recession Forecasting Chart: Currently signaling No Recession
- The Zweig Bond Model: The Cyclical Trend for Bonds is Bearish
See the full story: Trade Signals – Volume Demand Remains Greater Than Supply – Bullish for Stocks | See background on Steve Blumenthal and the rest of the CMG Capital Management team.