To The Moon

1/4/2023 Market Diary

-Deceleration in Core PCE Price Index (Fed's favorite inflation gauge) have mkt closed out favourably +ve in final day of Q1 across all sectors

-Relative strength in MGK $Vanguard Mega Cap Growth Index Fund ETF Shares(MGK)$ totals up Q1 with +18.9% vs RSP $Invesco S&P 500 Equal Weight ETF(RSP)$ +2.4%, concluding a strong qtr for XLK $Technology Select Sector SPDR Fund(XLK)$ XLC $Communication Services Select Sector SPDR Fund(XLC)$ sectors

- KBE $SPDR S&P Bank ETF(KBE)$ KRE $SPDR S&P Regional Banking ETF(KRE)$ bear flags persist, big banks start Q1 earnings report in 2nd wk of Apr

$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ Trust(QQQ)$ $iShares Russell 2000 ETF(IWM)$ $Direxion NASDAQ 100 Equal Weighted Index Shares(QQQE)$ $Invesco Russell 1000 Equal Weight ETF(EQAL)$ $Cytosorbents(CTSO)$ $DermTech, Inc.(DMTK)$ $Iris Energy Ltd(IREN)$

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Valuable takeway from this month, You can choose to hold cash during turmoil, but stay nimble & ready for action. Market technicals are always evolving, & the no. of setups surfacing remains a key indicator to watch

If you are not humble, you will be humbled by the market.

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