Weekly MOTR Report (WMR): “No Longer Oversold, But Still Broken.”

Highlights

  • The market has gone from being broken and very oversold to broken but no longer oversold.
  • Unable to repair its recent damage despite the rally, this leaves stocks vulnerable to at least another low before conditions can stabilize more definitively.
  • Tech in particular has gone from extremely oversold to neutral, yet its short-term Risk Gauge remains pegged at a "Risk Off"10.
  • The faltering of such a key leadership sector has resulted in the. . .

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