Market rebound with sector wide participation to its strongest gain for the month. On the contrary, VIX spiked to a high of 25.61 (+9.60%) reflecting increased hedging activity ahead of CPI and FOMC.
Increasing no. of chinese securities are reverting back to its rising 10D-MA, setting up its next move. Particpation in this group may be an hedge.
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13/12/2022 market diary & playbook
– $SPY rebound with sector wide participation
– $VIX spiked to high of 25.61 (+9.60%), reflects increased hedging activity ahead of CPI and FOMC
– increasing no. of chinese securities revert to rising 10DMA
– they may be an hedge $KWEB, $CHIQ pic.twitter.com/89No0KEVpx— Jeff Sun, CFTe (@jeffsuntrading) December 13, 2022
