The Market Chronicles: Daily review (Thu, 01/05/2025)

Looks like a good day for today. Already we have 8 positive straight days for SPY and QQQ is almost 6 days out of 8 days. Right time to invest or trade as the market observed very bad news of negative GDP growth yesterday. This is a good sign of trending market.


Market closed and SPY continued its positive straight days to 9 and QQQ 7 out of 9 days with very negligible negative days for remaining those two days.

SPY is going up steadily.


QQQ:

MMFD is recovering from yesterday down.

Long term averages to recovering steadily from April 7th 2025 least point to a longer term uptrend.


I see a bit of rotation from Midcap and small stocks to large cap growth stocks, May be because of MSFT and META positive earnings.
Large cap growth stocks.

Midcap stocks:

From last coupe of months Finance and communications sector done really great. Both with 80 RS rating.

XLF/SPY:


XLC/SPY:

No open positions and no watch-list for today.

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