Broader market continue to show strength as laggard sectors $XLV +3.5% $XLU +2.4% and $XLP +1.8% finally joins the bull party via breaking out from
Category: Market Updates
Week of 17/7/2023 Market Diary, Friday’s selloff nullified the gains made by $RSP and $IWM in the previous two days, potentially resulting in unrealized losses
Despite decline in major indexes during the week, there are encouraging signs of multi-week bases emerging in laggard sectors such as $XLE, $XLRE, and $XLF.
While the market concluded the week on a strong note on all front, ironically stock selection can become increasingly challenging because pullbacks always seem imminent.
1. $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
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