Overall market trend: Bearish phase
Yesterdays market: Money leaving the market – Very high selling pressure
TC2000 McClellan: -138 bounce territory
Stocks above 40PMA: 17% bounce territory
Seasonality: Later March typically stronger than Feb in mid term year
Indices:
$QQQ: Downtrend
$SQQQ: Uptrend
$IWM: Downtrend
$SPY: Downtrend
$DIA: Downtrend
1%+ sectors Friday:
- None
1%- sectors Friday:
- $XTL -4.48%
- $HACK -2.42%
- $JETS -2.03%
- $XLY -1.79%
- $IBB -1.71%
- $TAN -1.60%
- $RTH -1.23%
- $XLU -1.23%
- $SMH -1.10%
- $IYT -1.06%
- $XLK -1.02%
- $XLF -1.02%
Main sectors monthly trailing:
- Leading – $XLE
- Lagging – $XLI $XLB
Sub sectors monthly trailing:
- Leading – $HACK $TLT
- Lagging – $JETS $KRE
Bitcoin: Under the 200sma at 69k ish
Themes: Energy, Semis, Tech
Are breakouts likely to work for the next 3 – 5 days: No
Are breakdowns likely to work for the next 3 – 5 days: Probably
Should I be trading: WSS & EP’s only