Weekly MOTR Report (WMR): “One Last Bite of the Swing Trade Apple.”

Highlights

  • We are threading the needle between one more swing trade to the upside and wanting to short that rally ahead of what could be another market slide.
  • On the long side, we still like the ideas in the innovative growth areas of the market, and we find several interesting setups there as a result of the current oversold market condition.
  • Conversely, last week's price action left an "island reversal" and a heavy volume, six-day bearish engulfing pattern, characteristic of market tops, so we. . .

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