Weekly MOTR Report (WMR): “Oversold Breadth Bullish for Now.”

Highlights

  • Despite the S&P being essentially at all-time highs, most stocks are down high single/low double digits.
  • This oversold breadth condition should provide us with a tradeable rally to engage with in the Swing Trade Portal (STP).
  • As this rally unfolds, we will be laser focused on how much of the recent short-term damage inflicted during the selloff gets repaired.
  • For now, we are actively engaged, covering shorts and adding longs, but our head is on a swivel. . .

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