Broad market rally yesterday as buying interest stepped in on the notion that the market was oversold on the short term. Net Highs/Lows breath improved to-44, remaining in negative territory.
The day could easily entice the behaviour of ‘trigger happy’, but progressive exposure is still remains key to maintaining resilience from prolonged drawdown.
Thanks for reading.
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22/12/2022 market diary & playbook
– $SPX net highs/lows -44 for a positive session, but breath improving
– mega caps participation in rally $MGK +1.6%
– chinese internet group $KWEB logged largest gainer +3.84%
– focus list includes $PDD, $YMM, $MNSO, $NUTX pic.twitter.com/W746bkV66a— Jeff Sun, CFTe (@jeffsuntrading) December 22, 2022
