1. $MGK +1.11% additional supported index degree efficiency as $QQQ +1.18% bounces off its trendline and rising 10-MA.
2. The broader market, although, exhibited weak spot attributable to continued consolidation efforts, $RSP -0.41% $IWM -0.74%. Quick time period breath additionally mirrored extra negativity, although $MMTW (55.35%) stays above 50% bullish bias benchmark.
3. Notable group decliners are in $KBE -3.2% and $KRE -2.7%, each dropping their place in 10,20 and 50-MA this week.
4. Commodities group $WEAT, $CORN, $UNG all +20% in 2 weeks, trying fascinating
Thanks for studying.
PS: For those who benefit from the above curated article, you might observe me on twitter (@jfsrevg) to get each day market diary, buying and selling concepts and intermittent reflection on life as a dealer.
23/6/2023 Market Diary,
1. $MGK +1.11% additional supported index degree efficiency as $QQQ +1.18% bounces off its trendline and rising 10-MA.
2. The broader market, although, exhibited weak spot attributable to continued consolidation efforts, $RSP -0.41% $IWM -0.74%. Quick time period breath additionally… pic.twitter.com/AwXaKpuAIb
— Jeff Solar, CFTe (@jfsrevg) June 23, 2023
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