Impressive comeback from $SPY and $QQQ as both indexes exhibited strength to reclaim their respective 200-MA with late afternoon rally effort to close near day high. $OIH, $FXI and $KWEB groups continue its thrust from previous session, while $BOAT sets another new high.
Plenty of watchlist names are rested on 10-MA with consolidated action. Any new exposure in the market today is a faith that market is due for a pivotal bounce.
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3/3/2023 Market Diary
-Impressive comeback from $SPY and $QQQ, reclaimed 200-MA frm late noon rally
– $OIH, $KWEB, $FXI grps continue its thrust, $BOAT sets another new high
– WL names mostly rested on 10-MA, new exposure in mkt today is a faith on a general pivotal bounce pic.twitter.com/I0b9foKNHA
— Jeff Sun, CFTe (@jeffsuntrading) March 3, 2023
