While $QQQ +0.33% continued to make modest gains, reaching YTD high with help from gains of respective mega cap in $XLC, further detoriation is breath is observed.$MMTW (41.25%) remains below the bullish bias 50% level, and New Lows reached the week low of 199 to a net of -116 for the session. Equal weighted index $RSP -0.5%, $QQQE -0.21%, while $IWM -0.77% paints a clearer picture of broader market performance. Banking groups under further pressure as $KRE -2.48% $KBE -1.55% as $PACW -22.7% saw another sharp decline. 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 intermittent reflection on life as a trader.

12/5/2023 Market Diary

1. While $QQQ +0.33% continued to make modest gains, reaching YTD high with help from gains of respective mega cap in $XLC, further deterioration in breath is