Weekly MOTR Report (WMR): “Watching For Rotation ‘Within’ Equities, Not ‘Away From’ Equities'”

This Week's Highlights

  • Despite the S&P and NDX being up in a straight line since October, breadth continues to thin out, suggesting a pause to refresh is likely in coming weeks.
  • Added pressure on Tech-dominated indices will also likely come from continued strength in oil and copper, as well as rising 10-year treasury yields.
  • Tactical traders should lean into this setup by reducing long exposure and or adding to shorts, but such moves should be made 

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