Weekly MOTR Report (WMR): “Lack of Follow Through is More Neutral Than Bearish.”

This Week's Highlights

  • The market's failure to follow through since the October lows is the first time since 1960 that our trend models have "falsely" identified a new bull market.
  • Our take at this point, for reasons cited below, is that this failure to reach "escape velocity" is more neutral than bearish.¬†It may be the case that the bull market is simply delayed for now.
  • As long as we are below 4375-4475, we are open to the market probing lower

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