With the S&P moving higher after reaching an oversold condition in October, the bulls now need to convert this bounce into constructive trend change. If they can, we’ll keep what we bought in October, and add more. If not, we’ll reduce longs and restore shorts. We discuss what we are monitoring for indications of trend change, plus a whole lot more, in this month’s Monthly MOTR Checkup video!
Monthly MOTR Checkup Video (MMC): “Partly Cloudy With a Chance of Sunshine.”
November 19th, 2023
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Some of Our Latest Commentary
Charting My Interruption (CMI): “Bullish for Q4, but Head on a Swivel.”
Highlights Market internals are deceptively oversold, setting the stage for a strong Q4'26 seasonal window. We are more than 100%
Weekly MOTR Report (WMR): “Oversold Breadth Bullish for Now.”
Highlights Despite the S&P being essentially at all-time highs, most stocks are down high single/low double digits. This oversold breadth
Weekly Risk Gauge (WRG): “Technology First to Emerge.”
Highlights The LT gauge remains in 'Risk On' while the MT gauge closed in the top half of 'Mixed', creating
Monthly MOTR Checkup (MMC): “The Thread Through the Maze.”
“The Thread Through the Maze.” Presently, there is so much to be bullish about. Presently, there is so much to
Weekly MOTR Report (WMR): “A Rally Before Lower Lows.”
Highlights Oversold conditions still support expectations for a tactical rally, but recent deterioration in breadth has pushed the medium-term Risk
Weekly Risk Gauge (WRG): “Weakness Spills into Monthly Timeframe.”
Highlights The U.S. Risk Gauge downticked in both MT and ST last week, but the LT timeframe remains intact as