S&P500 was on an early washout (-2.9%), before losses were pare to reclaim the week’s low. Net highs/lows deteriorates to -238, while $QQQ is trading at its month low.
Bright spot remains in chinese securities as they are trading in isolation from the prospect of deeper economic setback by potentially overtightening.
Thanks for reading.
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23/12/2022 market diary & playbook
– $SPY net highs/lows deteriorates -238, $QQQ at month low
– Growth stocks tumbled vs value
– RS remains in chinese securities, isolated from the prospect of deep economic setback by potential overtightening.
– 2 new groups setting up pic.twitter.com/ZwNTGiRmcc— Jeff Sun, CFTe (@jeffsuntrading) December 23, 2022
