Weekly MOTR Report (WMR): “Seasonals & Short-term Trends Support Higher Prices For Now.”

This Week's Highlights

  • After reaching oversold in late October, the S&P is now back into its primary resistance band (4500-4700), yet the Value Line is still well below its comparable resistance.
  • Given our expectation for a year-end rally, and the above describes setup, we're comfortable adding to SMID cap names for now, as they play catchup into year end.
  • We are focused on whether or not the bulls can convert some of the market's big bases into uptrends during. . .

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