Highlights
- Momentum leaders sharply lagged today despite a rising market, producing an outsized momentum 'crash' where “good guys” fall and “bad guys” surge.
- MOTR Group performance reinforces the rotation, with Software ripping and Semis slipping, despite Semis’ long-term leadership and Software’s persistent weakness.
- Momentum crashes, while painful, often signal broader market improvement, as capital floods into previously neglected laggards.
- Combined with the S&P’s QMZ breakout and improving cross‑market behavior discussed in Monday's WMR, today. . .
