Highlights
- The U.S. Risk Gauge has dramatically moved lower, down three levels in the short term and another level in the medium term to a 5.
- Given that the environment still reads as Mixed, a near-term rally is probable, many of these groups are now sitting on or near longer-term support.
- If that rally unfolds, the key question will be whether it’s strong enough to repair these cyclical areas.
"Risk Gauge Downtick, Cyclical is Oversold."
As of the morning. . .
