Charting My Interruption (CMI): “The time to pile in has passed, now its time to monitor.”

November 14th, 2023

David Lundgren, CMT CFA

Highlights

As the Santa Claus Rally continues to play out, the S&P has once again entered the primary resistance band between 4500 and 4700.
In our mind, while we like what we are seeing, now is not the time to pile into stocks in scale, with the S&P up about 10% in three weeks, smack in the middle of resistance.
The time for that was while the market was still oversold. Now, it is time to transition to "monitor mode" as we. . .

To view this content you must be an active subscriber of MOTR Capital Management & Research. Not a subscriber? Join today and unlock access to “Research” posts.