The gains from mega and large cap growth exhibited exhaustion
10/6/2023, Market Diary
1. MGK $Vanguard Mega Cap Growth Index Fund ETF Shares(MGK)$ +0.43% continue its leadership as IWM $iShares Russell 2000 ETF(IWM)$ -0.81% and RSP $Invesco S&P 500 Equal Weight ETF(RSP)$ -0.21% takes a much needed breather after a constructive week overall for the bulls.
2. Worth to note the gains from mega and large cap growth exhibited exhaustion as there were several exhaustion gap observed eg. $Taiwan Semiconductor Manufacturing(TSM)$ $Tesla Motors(TSLA)$ $Vertiv Holdings LLC(VRT)$ $SoFi Technologies Inc.(SOFI)$ $Farfetch Ltd(FTCH)$ $Samsara, Inc.(IOT)$ $On Holding AG(ONON)$ $Global-E Online Ltd.(GLBE)$
3. While breath continues to remain bullish bias, always stay nimble and be defensive to your unrealized gains.
4. Focus: $Bloomberg Natural Gas Bear 2X ETF(KOLD)$ $Immunovant, Inc.(IMVT)$ $Arcturus Therapeutics Ltd.(ARCT)$ $GigaCloud Technology Inc(GCT)$ $Nexgen Energy Ltd.(NXE)$
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- Bons·2023-06-11okLikeReport