Weekly MOTR Report (WMR): “Under Distribution Despite New Recent Highs.”

Highlights

  • With supportive seasonals through at least December, and with the S&P less than -3% from its highs, we would not be surprised if it hit new highs in the weeks ahead.
  • However, as we have detailed in recent weeks, there are many growing technical problems building beneath the surface.
  • This week, we introduce another: most of the 3,000 stocks in the MOTR Universe have been under negative volume distribution despite new highs from the. . .

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