Indexes held down by sizable losses from mega cap growth & tech stocks
28/12/2022 market diary & playbook
-SPY$SPDR S&P 500 ETF Trust(SPY)$ (-0.39%) net highs/lows -160
- indexes held down by sizable losses from mega cap growth & tech stocks$Tesla Motors(TSLA)$ $Apple(AAPL)$ $NVIDIA Corp(NVDA)$
- china remains the pocket of strength,KWEB$CSI China Internet ETF(KWEB)$ +5.05% ,FXI$iShares China Large-Cap ETF(FXI)$ +4.75%
- $VanEck Gold Miners ETF(GDX)$ $Global X Silver Miners ETF(SIL)$ $Global X Copper Miners ETF(COPX)$ grp reclaimed 10/20MA
$Pharvaris N.V.(PHVS)$ $Rigel Pharmaceuticals(RIGL)$ $Manchester United PLC(MANU)$ $Tuya Inc.(TUYA)$ $Hello Group Inc(MOMO)$ $Pinduoduo Inc.(PDD)$ $Baozun(BZUN)$ $Kanzhun Limited(BZ)$ $Rent the Runway, Inc.(RENT)$ $ARCELLX, INC.(ACLX)$ $Atour Lifestyle Holdings Limited(ATAT)$ $Bilibili Inc.(BILI)$ $Direxion Daily Financial Bear 3x Shares(FAZ)$ $F&G ANNUITIES & LIFE INC(FG)$ $Futu Holdings Limited(FUTU)$ $Imara Inc.(IMRA)$ $Lufax(LU)$ $MongoDB Inc.(MDB)$ $Okta Inc.(OKTA)$ $Rhythm Pharmaceuticals Inc.(RYTM)$ $Taboola Com Ltd(TBLA)$ $Yatsen Holding Limited(YSG)$ stocks do not move alone in a vacuum.
when they move, they breakout in clusters, with trajectory in its industry group.
identifying and staying with the most powerful few group is the only way to make significant progression in your equity curve.
https://twitter.com/jeffsuntrading/status/1608059238592696328
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