Market broke its range as major indexes all got sold hard to close as banking pressure is back at forefront $KBE -4.2% $KRE -3.7%. $FRC -49.3% earnings result renewed lingering worries about about banks facing higher deposit costs and tighter lending standards, which would impede economic growth prospect. Severe deterioration observed in short term breath $MMTW -34.26%, NH/NL -255 affirm the general weakness in the session. $RSP -1.7% and $QQQE -2.1% is trading below its rising 10& 20-MA first time in a month.
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26/4/2023 Market Diary
-Market broke its range. Indexes all got sold hard as banking pressure is back at forefront as warned throughout the month. $KBE -4.2% $KRE -3.7%
– $FRC -49.3% earnings result renewed lingering worries on banks facing higher depositary cost &… pic.twitter.com/tBp3mmKmGB
— Jeff Sun, CFTe (@jeffsuntrading) April 26, 2023
