Commodities group WEAT, CORN, UNG all +20% in 2 weeks
23/6/2023 Market Diary
1. MGK $Vanguard Mega Cap Growth Index Fund ETF Shares(MGK)$ +1.11% further supported index level performance as QQQ $Invesco QQQ Trust(QQQ)$ +1.18% bounces off its trendline and rising 10-MA.
2. The broader market, though, exhibited weakness due to continued consolidation efforts, RSP $Invesco S&P 500 Equal Weight ETF(RSP)$ -0.41% IWM $iShares Russell 2000 ETF(IWM)$ -0.74%. Short term breath also reflected more negativity, though MMTW (55.35%) remains above 50% bullish bias benchmark.
3. Notable group decliners are in KBE $SPDR S&P Bank ETF(KBE)$ -3.2% and KRE $SPDR S&P Regional Banking ETF(KRE)$ -2.7%, both losing their position in 10,20 and 50-MA this week.
4. Commodities group WEAT $Teucrium Wheat Fund(WEAT)$ , CORN $Teucrium Corn Fund(CORN)$ , UNG $United States Natural Gas Fund LP(UNG)$ all +20% in 2 weeks, looking interesting
Image
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- MSJYJ·2023-06-25goodLikeReport