Trade Signals by Steve Blumenthal, CEO, CMG Capital Management Group
The aged cyclical bull market up trend remains in place; however, fewer stocks are holding the market up. Our favorite Trend Model, Big Mo, is in decline but continues to favor stock exposure.
As for bonds, the Zweig Bond Model remains in a “buy” signal – bullish on long-term bond exposure. High yield bonds are a different story. They look shaken and for now the trend is lower. Our CMG HY Bond Program remains on a “sell” signal.