Weekly MOTR Report (WMR): “Daily Risk Gauge Up From ‘Risk Off’ Status”

After ignoring for weeks the many data points that supported the prospect for a bounce in the market, the S&P appears to be finally responding with its first higher high on the daily chart since early June. At this point, the bounce has been sufficient enough to remove the daily timeframe of our Risk Gauge from “Risk Off” status (see diagram), but the remaining timeframes have thus far. . .

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