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,