Short term market breath remains strongly bullish bias, RSP QQQE and IWM trade above all the KMA
9/6/2023 Market Diary
1. Market remains resilient, RSP $Invesco S&P 500 Equal Weight ETF(RSP)$ +0% and IWM $iShares Russell 2000 ETF(IWM)$ -0.37% recovering from its early morning sell off, closing near the highs of the day.
2. MGK $Vanguard Mega Cap Growth Index Fund ETF Shares(MGK)$ led the market for most of the session, with both QQQ $Invesco QQQ Trust(QQQ)$ +1.24% and QQQE $Direxion NASDAQ 100 Equal Weighted Index Shares(QQQE)$ +0.95% erasing most losses from previous day.
3. Short term market breath remains strongly bullish bias, while all 3 major indexes RSP $Invesco S&P 500 Equal Weight ETF(RSP)$ QQQE $Direxion NASDAQ 100 Equal Weighted Index Shares(QQQE)$ and IWM $iShares Russell 2000 ETF(IWM)$ are now trading above all the KMAs together.
4. URA $Global X Uranium ETF(URA)$ +2.5% and URNM $Sprott Uranium Miners ETF(URNM)$ +3% is the strongest group mover today, also attaining 3 months high in the process.
5. Focus: $Immunovant, Inc.(IMVT)$ $Arcturus Therapeutics Ltd.(ARCT)$ $Semiconductor Bull 3X Shares(SOXL)$ $Kingsoft Cloud Holdings Ltd(KC)$ $Nexgen Energy Ltd.(NXE)$
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