Market continued its thrust in June as all major indexes closed with sizable gains. Note that more money are rotated into value areas that has been left out of recent rally as value outperformed growth at all levels. Some significance in friday’s close that could support a sustained rally going forward,
1) $RSP +2.18% broke out of 5 months downtrend line at highest volume YTD,
2) $IWM +3.63% broke out of 4 months box range,
3) Spike up in short term breath with $MMTW crossing above 50% bullish bias threshold since 17/5.
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3/6/2023 Market Diary,
1. Market continue its thrust as all major indexes closed with sizable gains but more money are rotated into value areas that has been left out of recent rally. Value outperformed growth at all levels.
2. Some significance in Friday’s close that could… pic.twitter.com/7eQh03eTb5
— Jeff Sun, CFTe (@jfsnrf) June 3, 2023
