The depths of damage beneath the surface of the cap-weighted indices continues to spread (Figure 1, red line). Since there is little more to be said about that than what we have already conveyed in recent notes and this month's Monthly MOTR. . .
Charting My Interruption (CMI): “Critical Supports For the Last Standing Leaders.”
October 19th, 2023
Related Market Insights
Some of Our Latest Commentary
Monthly MOTR Checkup Video (MMC): “Appear strong when you are weak and weak when you are strong.”
After spending nearly two years appearing to be strong when it was weak, the market may be transitioning to a
Weekly MOTR Report (WMR): “Crypto & Crypto Stocks Leading the Way.”
Highlights As the S&P takes a pause, burdened by a near -10% setback in NVDA last week, crypto and crypto
Charting My Interruption (CMI): “Bull Markets Still Have Corrections.”
Highlights Just because our Risk Gauges have finally achieved 'Risk On' for the first time since before the 2021 peak,
Weekly MOTR Report (WMR): “Robust Bull Market Finally Getting Closer.”
Highlights In Friday's CMI note, we said we needed to see an improvement in our trend model readings before spinning
Charting My Interruption (CMI): “News Flash: Violent, Chaotic Behavior is not Bullish.”
Highlights As much as we all want to say yesterday's price action was bullish, I struggle to do so because
Weekly MOTR Report (WMR): “Bullish, But Cautiously So.”
Highlights Market conditions continue to diverge, with leadership itself getting more and more narrow. Whether or not this is a