$SPY continues build from yesterday’s rally with a +1.26% gain, remaining above its 50MA. Broad market further shaped up positively with $MMTW now at 81.63% (highest since 1/11/2022), and NH/NL +89 reflects further dry up of new lows (-11). $IWM is the first major index to reclaim its 200MA since December pullback. Top Gaining Leaders Group: $ITB, $BITW CPI December data due for release later at 8.30pm ET. Thanks for reading. PS: If you enjoy the above curated article, you may follow me on twitter (@jeffsuntrading) to get daily market diary, trading ideas and market updates.
– $IWM first major index to reclaim 200MA
– Broad market shaping up +ve with $MMTW at 81%, NH/NL reflecting further dry up of new lows (-11)
– Top Gaining Leaders Grp: $ITB, $BITW pic.twitter.com/MrawA22HQe — Jeff
...12/1/2023 Market Diary & Playbook
– $SPY continues to build from recent rally, remains above 50MA– $IWM first major index to reclaim 200MA
– Broad market shaping up +ve with $MMTW at 81%, NH/NL reflecting further dry up of new lows (-11)
– Top Gaining Leaders Grp: $ITB, $BITW pic.twitter.com/MrawA22HQe — Jeff
