Market reflects further underlying strength via undercutting its rising 10-MA and rallied to a close near its year to date high. At the point of
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Most names highlighted in yesterday diary rallied strong and hard. The continual market rally is broad based across all various cap size and sectors as
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Internals such as MMTW and NH/NL remains resillient despite narrow range session within the major indexes. Continual ranging sessions will be welcoming and healthy. SaaS
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$SPY closed at high, reclaiming its 200-MA in a session where market opened to weakness. Weekly gains were distinct in $XLY (+5.78%) and $XLK sectors
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$SPY continues build from yesterday’s rally with a +1.26% gain, remaining above its 50MA. Broad market further shaped up positively with $MMTW now at 81.63%
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