$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.
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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 Sun, CFTe (@jeffsuntrading) January 12, 2023
