Market Diary & Playbook ($STNE $NEO $ALKT $ABNB and more)
By Jeff Sun Trading • June 23, 2023
$MGK +1.11% further supported index level performance as $QQQ +1.18% bounces off its trendline and rising 10-MA.2. The broader market, though, exhibited weakness due to continued consolidation efforts, $RSP -0.41% $IWM -0.74%. Short term breath also reflected more negativity, though $MMTW (55.35%) remains above 50% bullish bias benchmark.3. Notable group decliners are in $KBE -3.2% and $KRE -2.7%, both losing their position in 10,20 and 50-MA this week.4. Commodities group $WEAT, $CORN, $UNG all +20% in 2 weeks, looking interesting Thanks for reading. PS: If you enjoy the above curated article, you may follow me on twitter (@jfsrevg)to get daily market diary, trading ideas and intermittent reflection on life as a trader.
23/6/2023 Market Diary,
$MGK +1.11% further supported index level performance as $QQQ +1.18% bounces off its trendline and rising 10-MA. 2. The broader market, though, exhibited weakness due to continued consolidation efforts,
