While market breadth has been thinning out for a while now, it is beginning to fray even within the leadership. This is not bearish yet, but it deserves continued monitoring as this is how all bear markets start.
Monthly MOTR Checkup Video (MMC): “This Bull is Getting Tired.”
June 20th, 2024
Related Market Insights
Some of Our Latest Commentary
Weekly MOTR Report (WMR): “Construction Materials Building Momentum.”
Highlights Market rotation strengthens, with investors favoring cyclicals and smaller caps despite MAG7 weakness. Construction Materials climbs the MOTR ranks,
Weekly Risk Gauge (WRG): “Industrials Wins, A Look at Clean Energy.”
Highlights Continued underperformance from the MAGS reinforces our view that this environment favors mid-, small-, and micro-cap stocks, with momentum
Charting My Interruption (CMI): “At Support, Leadership Oversold.”
"At Support, Leadership Oversold." Today's CMI offers a quick tactical update on market location and breadth. We have been focused on
Charting My Interruption (CMI): “What the Fractal, Bitcoin?”
Highlights Bitcoin’s current top fractally mirrors the 2022 peak with similar clear momentum divergences. Our momentum ranks have also plunged
Weekly MOTR Report (WMR): “Risk-On Slips from the Grasp of Risk Gauge.”
Highlights Medium‑term Risk Gauge slipped back to Mixed, which is still bullish, just not robustly so. Lost momentum in low‑beta
Weekly Risk Gauge (WRG): “Focusing on Change at the Margin.”
Highlights January closed with broad gains across equities, while the U.S. MOTR Risk Gauge remained largely in Risk On despite