Weekly MOTR Report (WMR): “Nothing ‘Semi’ About This Leadership.”

Highlights

• Semiconductors tested key support on Friday; extreme oversold breadth within a strong uptrend creates favorable risk/reward.
• The MOTR Risk Gauge for Semis remains firmly Risk On, with semiconductor long- and medium-term trends highly bullish.
• Over half of semiconductor stocks are in “Refuel” according to MOTR Velocity, offering potential re-entry opportunities near support.
• Micron exemplifies leadership: into support with stops nearby, longs should be maintained or added to, while shorts should be covered.

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