Mega Cap growth strengthened further with $MGK +1.94% reaching a 52-week high. Semiconductor stocks continued to rally, with $SOX +6.3% and $SMH +4.91%, pushing $QQQE +2.58% to logged its strongest 1 day gain in 2023. Notably, $XLY rebounded by +2.35%, erasing a week of losses in a single session, boosted by retailers $COST +4.3%, $GPS +12.4%, $WDAY +10% & $PDD +19% from their earnings reaction.
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27/5/2023 Market Diary
1. $MGK +1.94% further strengthen to reach a 52-week high.
2. Semiconductor stocks continued to rally, with $SOX +6.3% and $SMH +4.91%, pushing $QQQE +2.58% to logged its strongest 1 day gain in 2023.
3. Notably, $XLY rebounded by +2.35%, erasing a week… pic.twitter.com/PLRqmqQn7D
— Jeff Sun, CFTe (@jeffsuntrading) May 27, 2023
