Despite what many prognosticators and news outlets would have us believe, the market is not at all ignoring the ongoing macro challenges…this is not a bull market.
Monthly MOTR Check-Up (MMC): “Not as much of a tug-of-war as it seems”
September 15th, 2023
Related Market Insights
Some of Our Latest Commentary
Charting My Interruption (CMI): “MOTR Dashboard ‘Sneak Peek’: The Mo Crash.”
Highlights Momentum leaders sharply lagged today despite a rising market, producing an outsized momentum 'crash' where “good guys” fall and
Weekly MOTR Report (WMR): “A ‘Good’ Overbought Condition?”
Highlights The tactical plan of buying/covering into oversold support worked out ahead of the "surprise" cease fire. However, selling/shorting the
Weekly Risk Gauge (WRG): “Semis Are First to Emerge.”
Highlights The Short-Term Gauge has improved from 'Risk Off' to 'Mixed', so we are staying patient, sizing positions smaller, and
Charting My Interruption (CMI): “Into the Heart of Resistance.”
Highlights The market's sharp rally has run directly into meaningful, overlapping resistance. If this is indeed another 'TACO' trade, our
Weekly MOTR Report (WMR): “Some Good Charts, But Poor Context.”
Highlights Although there are many good charts, there are many more bad ones, reminding us that the market regime contains
Weekly Risk Gauge (WRG): “Working Off Oversold.”
Highlights The selloff paused last week and the market posted gains, causing the Long-Term Gauge to flip back to 'Risk