Weekly MOTR Report (WMR): “Lack of New Highs Plants the Seeds for New Highs.”

November 27th, 2023

David Lundgren, CMT CFA

This Week's Highlights

With the S&P having now gone 22 months without hitting a 2 year high, we suspect we will see one in early 2024. We are just hesitant to add significant new exposure now that we are back to overbought at resistance.
At this stage of the rally, we are seeing some necessary inflection in short-term charts and related models, enough to support higher prices from here.
That said, we have yet to. . .

To view this content you must be an active subscriber of MOTR Capital Management & Research. Not a subscriber? Join today and unlock access to “Research” posts.