3-28-03

Market Movers:

• BABA +14.26%   BIDU +4.73% NTES +2.65% - notable strength on BABA after announcing it will overhaul its business operations by splitting it into six business groups [- Cloud Intelligence Group, TaoBao Tmall Commerce Group, Its Local Services, Cainiao Smart logistics group, Global Digital Commerce group, and Digital Media and Entertainment Group].  The Alibaba business spin has lifted China ADRs stock as well, the move in the BABA business split could be a signal that the regulatory backdrop in China is improving broadly after 2 years of regulatory pressures that sent BABA shares to record 

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3-29-23

Market Movers:

• LULU +12.72% soared after posting Q4 ‘22 earnings results and giving 2023 Fiscal Year revenue of 9.31B- $9.41B higher than 2022 revenue of $8.1B

Index technical signals bullish pattern, SPY & QQQ has solidly broke above 20, 50, & 200 days moving average, notable for the SPY trading above 400 which has been a tough resistance in the last 3 weeks.  We are one day away from closing the first quarter of 2023.

3-30-23

 The index marked a second-day strong streak performance above resistance, notable the SPY +.59%  & QQQ +.95%  above the 20 & 50 & 200 DMA, the QQQ has closed above its daily resistance. 

BABA +3.46% 3 days streak of a rally at $103.38 per share, strength is attributable to its business splitting into 6 business groups.  MELI +3.42% is another strong performer in the market, the technical settings of BABA & MELI are BUY signals, notable that these 2 are both e-commerce ADRs.  Another strong performer in the market trading at 6 month high  META +1.21%  AAPL +.99% MSFT +1.26%

RH -3.29% another weak performance post Q4 ‘22 earnings result, reports EPS $2.88 vs. $3.44 expectations, sales $772.5M vs. $779.75M; last year same period earnings were $5.66 per share, sales at $902.74

3-31-23

With a bang, the stock market closes on the last day of the year's first quarter!  Notably that the technology sector is back in the lead of the rally -  trading at 6 months high -AAPL +1.56%  MSFT +1.50%  META +1.97%, notable strength on TESLA +6.24% ahead of car number deliveries.