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6/27/23 – Relative Strength Names

After a pretty aggressive move lower yesterday in the Nasdaq I was expecting a bit of consolidation today that could then give us something to do tomorrow. The market however after spending the first 2 hours or so of the day consolidating was able to almost reverse the move lower in the majority of the indices. A couple of relative strength names stand out to me here for some potential trades for the rest of this week.