Market slipped further on the last day of May, though $QQQE closed the month on a gain of +3.17% vs $RSP -3.81% $IWM -0.82%. Correction was felt at all capitalization level of the market, but oversold defensive sectors $XLU $XLV $XLRE $XLP rebounded off their month lows, a mean reverting technical behavior. Short term breath logged its lowest level over the last 10-days. Volatility is expected for today as $AI, $CRM, $OKTA, $CRWD all lower following earnings reports, and ISM PMI is due to be released at 10am 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 intermittent reflection on life as a trader.
...1/6/2023 Market Diary
1. Market slipped further on the last day of May, though $QQQE closed the month on a gain of +3.17% vs $RSP -3.81% $IWM -0.82%. 2.
