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

Highlights

  • 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. . .

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.

Back To Top