1. A welcoming consolidation in the market after a big recent run. Remarkable that major indexes were able to close off their session lows thanks to $MGK -0.14% recovery from early weakness. $MGK was -0.9% intraday.
2. Strongest group move were in Bitcoin related ETFs, $GDLC +13.14%, $WGMI +9.74%, $BITW +7.12%, which may set them on track to continue their market leadership in 2023. $BTCUSD was up +5.19% while $GBTC +11.44% for the day. $WGMI could be the first +200% group in 2023 (currently +196%)
3. $KWEB China pullback to 50-MA and 200-MA zone. Further consolidation would present opportunity.
4. $ARGT Argentina closed new all time high. $EWZ Brazil closed YTD high.
5. Market remains constructive, more sectors and groups are participating even on pullback.
Thanks for reading.
PS: If you enjoy the above curated article, you may follow me on twitter (@jfsrevg) to get daily market diary, trading ideas and intermittent reflection on life as a trader.
21/6/2023 Market Diary,
1. A welcoming consolidation in the market after a big recent run. Remarkable that major indexes were able to close off their session lows thanks to $MGK -0.14% recovery from early weakness. $MGK was -0.9% intraday.
2. Strongest group move were in… pic.twitter.com/JsBBy3D6mE
— Jeff Sun, CFTe (@jfsrevg) June 21, 2023
