The market’s internals reflect a lot more awareness about ongoing macro weakness than most media outlets, and the S&P frankly, would like us to believe. Still, leadership remains very cyclical. What to do? We discuss this and more in this month’s Monthly MOTR Checkup video!
Monthly MOTR Check-Up (MMC): “Whistling past the graveyard? Not so fast!”
October 17th, 2023
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Some of Our Latest Commentary
Charting My Interruption (CMI): “Too Late for Bulls, too Early for Bears.”
Highlights We have been closely monitoring the quality of market action as the S&P scores new highs, and we don't
Weekly MOTR Report (WMR): “Don’t Look Now, but Software is Back!!””
Highlights Software is re-emerging as a leadership theme after years of severe underperformance versus semiconductors, a trend that actually began
Weekly Risk Gauge (WRG): “Focusing on Change at the Margin.”
Highlights The U.S. Risk Gauge remains oversold, with the ST timeframe in
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