Weekly Risk Gauge (WRG): “Weakness Spills into Monthly Timeframe.”

Highlights

  • The U.S. Risk Gauge downticked in both MT and ST last week, but the LT timeframe remains intact as the MT Gauge approaches month-end and locks the gauge in place for October.
  • Leadership remains relatively stable, with IT Hardware moving back to #3 and Energy back to #5, while Energy’s extreme ST oversold condition and intact LT/MT 'Risk On' backdrop create a buyable pullback setup.
  • With the market broadly oversold,

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