MTI Rose to 0.93 - Two Ticks Below Neutral

The Major Trend Index rose 0.04 to 0.93 in the week ended October 24th, just two ticks below its neutral band. The technical category scored a significant gain after last week’s market surge, while Supply/Demand dynamics became somewhat less negative. Nonetheless, the work taken as a whole continues to support a defensive stance towards equities in the immediate term, and net equity exposure in both the Leuthold Core Fund (38%) and Leuthold Global Fund (40%) remains on the low end of its normal range.