MINISO Marches On
Good evening. Welcome to Trends with No Friends!
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Friday’s market marched higher. The Nasdaq Composite carried +1.77%. The Russell 2000 rallied +1.65%. The S&P 500 surged +1.26%.
Consumer discretionary surged +2.02%. Technology advanced +1.63%. Real estate, industrials and utilities all gained more than +1.00%. Consumer staples and basic materials barely closed negative.
New 52-Week Lows led New Highs — 61 vs. 40.
THE WORST OF THE WORST
Adobe ($ADBE) is the Worst of the Worst. The creative software developer dipped -2.37% and closed at its lowest price since June 2023.
Here’s the daily chart.
And weak weekly chart.
THE BEST OF THE BEST
MINISO Group Holding ($MNSO) is the Best of the Best. The Chinese toy and lifestyle retailer ripped +9.32% and closed at its highest price since September 2023.
Here’s the daily chart.
And weekly chart.
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