Weekly MOTR Report (WMR): “More Gains Expected, Focus Remains on Trend.”

This Week's Highlights

  • Last week's rally was sufficient to warrant expectations of higher prices in the months ahead, but not sufficient enough to indicate a new bull was underway.
  • Until we can identify such bullish conditions, we remain neutral with a tactical bias, adding to longs and covering shorts into weakness, and reducing longs and adding to shorts into strength.
  • We are willing to continue with the former part of the strategy (add to longs, reduce shorts) until the S&P. . .

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