$RSP +0.9% & $EQAL 1.1% closed +ve and it comes with significance as they outperformed their respective capitalization weighted indexes $SPY +0.7% & $IWM +0.9%. Even so, it is worthy to note that $RSP, $EQAL and $OIH have broke down of their bear flags, with NH/NL also printed a new nett low of -282, highest since 15/3.
As $QQQ is setting up to breakout a new YTD high, below are 1-mth performance of $XLK and $XLC names, along with $QQQE/$QQQ chart for a different perspective.
Thanks for reading.
PS: If you enjoy the above curated article, you may follow me on twitter (@jeffsuntrading) to get daily market diary, trading ideas and market updates.
26/3/2023 Market Diary
-Positive closing from $RSP +0.9% $EQAL +1.1% are significant msg. outperformed cap weighted $SPY +0.7% $IWM +0.9% 1st time in March
-Worthy to note $RSP $EQAL $OIH have broken down from bear flags. NH/NL printed nett low -282, highest since 15/3
-As… pic.twitter.com/vUZKieX9nH
— Jeff Sun, CFTe (@jeffsuntrading) March 26, 2023
