Corrections are a necessary evil of healthy uptrends–they reset expectations, and flush out bullish sentiment, setting the stage for the next sustained leg higher. With supports still intact, we’re looking for higher levels towards the end of the summer, focusing in the meantime on developing leadership and tactical longs and shorts along the way.
Monthly MOTR Checkup Video (MMC): “The ‘Beauty & the Beast’ of Trend Following.”
April 22nd, 2024
Related Market Insights
Some of Our Latest Commentary
Weekly Risk Gauge (WRG): “Defensive but not Deadly.”
Highlights Defensive rotation continued beneath the surface, with Technology weakening, Utilities and Real Estate strengthening, and the U.S. Risk Gauge
Weekly MOTR Report (WMR): “Nothing ‘Semi’ About This Leadership.”
Highlights Semiconductors tested key support on Friday; extreme oversold breadth within a strong uptrend creates favorable risk/reward. The MOTR Risk
Weekly Risk Gauge (WRG): “Buying Oversold Tech.”
Highlights The U.S. Risk Gauge remains just shy of full Risk On as leadership pulls back, with rotation into Banks,
Charting My Interruption (CMI): “Playing One Swing at a Time.”
Highlights Like in sports, navigating difficulty requires staying focused on what is happening now, not on what happened before, and
Weekly MOTR Report (WMR): “More Weakness for Leaders to Create Buy Setups.”
Highlights July gains in the S&P mask weakness across leading groups, including Semis, Metals, Hardware, Capital Goods, Chemicals, and Clean
Weekly Risk Gauge (WRG): “Financials Moves into the top 4.”
Highlights The Risk Gauge remains just shy of Risk On, leaving us bullish enough to not be bearish. Market leadership