MTI Dropped 0.02 to 1.11 Data For Week Ended May 22, 2015

The Major Trend Index dropped 0.02 to 1.11 in the week ended May 22nd, triggered mainly by a 36-point decline in the Supply/Demand category. While the MTI’s cushion relative to its 0.95-1.05 neutral zone has shrunk from a late-April high of 1.20, it continues to support a bullish near-term case for the stock market. Both the Core and Global Funds remain positioned with net equity exposure of 61%.