Quiet week ahead on economic data front (ISM Services on Monday, PPI on Friday) reducing risk of data driven gap down opening throughout the week. Asian market also rallies sharply today as market cheered on futher easing on more Chinese cities.
Newly executed trading positions from last week are anchored to start the week on a good note.
Thanks for reading.
PS: Follow me on twitter (@jeffsuntrading) to get further daily pre-market diary, trading ideas and market updates.
there’s some level of optimism in areas of the market where % of stocks crossing 200MA is above its own 200-DMA line. undervalued companies have definitely see participation from the value side perspective.
a market rally on this data is for longer term view pic.twitter.com/k9JKsxH5go
— Jeff Sun, CFTe (@jeffsuntrading) December 5, 2022
