Weekly MOTR Report (WMR): “Risk-On Slips from the Grasp of Risk Gauge.”

February 02nd, 2026
David Lundgren, CMT CFA

Highlights

  • Medium‑term Risk Gauge slipped back to Mixed, which is still bullish, just not robustly so.
  • Lost momentum in low‑beta mega‑caps driving the weakness in cap-weighted Risk Gauge...something to monitor going forward.
  • Breadth not yet oversold; more weakness likely before setups emerge
  • Key S&P Monthly Momentum Zone (6808–6864) expected to hold on test
  • Most stocks remain in. . .

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.

subscribe

Related Market Insights

Some of Our Latest Commentary

Weekly MOTR Report (WMR): “Construction Materials Building Momentum.” Read More

Weekly MOTR Report (WMR): “Construction Materials Building Momentum.”

Highlights Market rotation strengthens, with investors favoring cyclicals and smaller caps despite MAG7 weakness. Construction Materials climbs the MOTR ranks,
February 09th, 2026
Weekly Risk Gauge (WRG): “Industrials Wins, A Look at Clean Energy.” Read More

Weekly Risk Gauge (WRG): “Industrials Wins, A Look at Clean Energy.”

Highlights Continued underperformance from the MAGS reinforces our view that this environment favors mid-, small-, and micro-cap stocks, with momentum
February 09th, 2026
Charting My Interruption (CMI): “At Support, Leadership Oversold.” Read More

Charting My Interruption (CMI): “At Support, Leadership Oversold.”

"At Support, Leadership Oversold." Today's CMI offers a quick tactical update on market location and breadth. We have been focused on
February 05th, 2026
Charting My Interruption (CMI): “What the Fractal, Bitcoin?” Read More

Charting My Interruption (CMI): “What the Fractal, Bitcoin?”

Highlights Bitcoin’s current top fractally mirrors the 2022 peak with similar clear momentum divergences. Our momentum ranks have also plunged
February 04th, 2026
Weekly MOTR Report (WMR): “Risk-On Slips from the Grasp of Risk Gauge.” Read More

Weekly MOTR Report (WMR): “Risk-On Slips from the Grasp of Risk Gauge.”

Highlights Medium‑term Risk Gauge slipped back to Mixed, which is still bullish, just not robustly so. Lost momentum in low‑beta
February 02nd, 2026
Weekly Risk Gauge (WRG): “Focusing on Change at the Margin.” Read More

Weekly Risk Gauge (WRG): “Focusing on Change at the Margin.”

Highlights January closed with broad gains across equities, while the U.S. MOTR Risk Gauge remained largely in Risk On despite
February 02nd, 2026
Back To Top