Market reflects further underlying strength via undercutting its rising 10-MA and rallied to a close near its year to date high. At the point of writing, S&P 500 E-mini futures are setting new high YTD.
Focus list are dominated by Biotech and China Software names. Crypto themed stocks are setting up for their 2nd rally leg.
Thanks for reading.
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26/1/2023 Market Diary & Playbook
– Market reflects further underlying strength, U&R its rising 10-MA and closed near YTD high.
– FL mainly dominated by biotech and china software names eg. $ICVX $MDGL $RVMD $ZYME $MOMO $IQ $DAO
– Crypto themed stocks setting up 2nd rally leg pic.twitter.com/NzM2XwGThc
— Jeff Sun, CFTe (@jeffsuntrading) January 26, 2023
