Weekly MOTR Report (WMR): “Tactical Caution Still Warranted.”


  • We remain longer-term bullish, with expectations for further gains towards the latter part of 2024.
  • That said, no trend unfolds in a straight line, and given current shorter-term conditions, now is as good a time to expect a setback as any.
  • Despite the recent 5% rally, we still have the primary indices stuck in a range, most stocks in a weekly timeframe downtrend, and breadth and momentum back to overbought.
  • Now is not the. . .

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