Market rebound coincides with a bounce off the rising 10-MA in $QQQ and $XLK as highlighted yesterday. $MGK also bounced off its rising 10-MA with +0.76%.
Worth to note that equal weighted indexes $RSP & $QQQE are relatively flat as outperformance in $GOOG $MSFT $AAPL and $AMZN staged a strong recovery during early noon session, allowing $SPY +0.39% $QQQ +0.67% to closed near their best levels of the day.
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7/4/2023 Market Diary
-Market rebound coincides with a bounce off its rising 10-MA in $QQQ $XLK as highlighted yesterday. $MGK also bounced off with +0.78%
-Worth to note equal weight indexes $RSP $QQQ are relatively flat.
-Outperformance in $GOOG $MSFT $AAPL $AMZN staged… pic.twitter.com/kJehzSQdwN
— Jeff Sun, CFTe (@jeffsuntrading) April 7, 2023
