Overall market trend: Bearish phase

Yesterdays market: Money entering the market – Normal buying pressure

TC2000 McClellan: 28

Stocks above 40PMA: 25%

VIX: 25

Seasonality: April is typically a strong month

Indices:

$QQQ: No trend

$SQQQ: No trend

$IWM: No trend

$SPY: No trend

$DIA: No trend

1%+ sectors yesterday:

• $JETS +2.60%
• $SMH +2.24%
• $XLI +1.67%
• $XLK +1.51%
• $HACK +1.44%
• $XTL +1.40%
• $KRE +1.07%
• $TAN +1.01%

1%- sectors yesterday:

• $XLE -3.74%

Main sectors monthly trailing:

• Leading – $XLE $IBB
• Lagging – $XLI $XLP

Sub sectors monthly trailing:

• Leading – $HACK $TAN
• Lagging – $JETS $IYT

Bitcoin: Under the 200sma at 67k ish

Themes: Semis, Tech, Comms, Financials

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: Futures sold off overnight on Trump Iran news, now we can see if the lows hold or we carry on down

Overall market trend: Bearish phase

Yesterdays market: Money entering the market – Very high buying pressure

TC2000 McClellan: 11

Stocks above 40PMA: 23%

VIX: 25

Seasonality: April is typically strong

Indices:

$QQQ: Downtrend

$SQQQ: Uptrend

$IWM: No trend

$SPY: No trend

$DIA: No trend

1%+ sectors yesterday:

• $SMH +5.76%
• $TAN +5.33%
• $IBB +4.32%
• $XLK +4.24%
• $JETS +4.19%
• $HACK +3.66%
• $XTL +3.63%
• $IYT +3.35%
• $XLI +3.27%
• $XLY +3.14%
• $KRE +2.42%
• $XLF +2.09%
• $RTH +1.96%
• $XLV +1.94%
• $XLB +1.79%

1%- sectors yesterday:

• $XLE -1.13%

Main sectors monthly trailing:

• Leading – $XLE $IBB
• Lagging – $XLI $XLP

Sub sectors monthly trailing:

• Leading – $HACK $TAN
• Lagging – $JETS $IYT

Bitcoin: Under the 200sma at 68k ish

Themes: Semis, Tech, Comms

Are breakouts likely to work for the next 3 – 5 days: Maybe

Are breakdowns likely to work for the next 3 – 5 days: Selectively

Should I be trading: 800+ day yesterday could be the start of a bullish cycle

Overall market trend: Bearish phase

Yesterdays market: Money leaving the market – High selling pressure

TC2000 McClellan: -57

Stocks above 40PMA: 20%

VIX: 30 elevated

Seasonality: Last day of month & quarter expect volatility

Indices:

$QQQ: Downtrend

$SQQQ: Uptrend

$IWM: Downtrend

$SPY: Downtrend

$DIA: Downtrend

1%+ sectors yesterday:

• $TLT +1.33%
• $XLF +1.15%

1%- sectors yesterday:

• $SMH -3.13%
• $XTL -3.10%
• $TAN -2.99%
• $JETS -2.03%
• $XLK -1.86%
• $XLI -1.63%

Main sectors monthly trailing:

• Leading – $XLE $XLU
• Lagging – $XLI $XLY

Sub sectors monthly trailing:

• Leading – $HACK $TLT
• Lagging – $JETS $IYT

Bitcoin: Under the 200sma at 67k ish

Themes: Energy, Semis, Tech, Comms

Are breakouts likely to work for the next 3 – 5 days: No

Are breakdowns likely to work for the next 3 – 5 days: Yes

Should I be trading: WSS & EP’s only

Overall market trend: Bearish phase

Yesterdays market: Money leaving the market – Very high selling pressure

TC2000 McClellan: -71

Stocks above 40PMA: 19%

Seasonality: Later March typically stronger than Feb in mid term year

Indices:

$QQQ: Downtrend

$SQQQ: Uptrend

$IWM: No trend

$SPY: Downtrend

$DIA: Downtrend

1%+ sectors Friday:

• $XLE +1.69%

1%- sectors Friday:

• $HACK -4.05%
• $JETS -3.52%
• $IBB -2.93%
• $XLY -2.89%
• $XLF -2.53%
• $XLK -1.95%
• $SMH -1.73%
• $KRE -1.71%
• $XLV -1.70%
• $IYT -1.64%
• $RTH -1.36%
• $TAN -1.29%
• $XLI -1.28%
• $XTL -1.26%

Main sectors monthly trailing:

• Leading – $XLE
• Lagging – $XLI $XLY

Sub sectors monthly trailing:

• Leading – $HACK $TLT
• Lagging – $JETS $SMH

Bitcoin: Under the 200sma at 67k ish

Themes: Energy, Semis, Tech, Comms

Are breakouts likely to work for the next 3 – 5 days: No

Are breakdowns likely to work for the next 3 – 5 days: Yes

Should I be trading: WSS & EP’s only

Overall market trend: Bearish phase

Yesterdays market: Money leaving the market – High selling pressure

TC2000 McClellan: -24

Stocks above 40PMA: 22%

Seasonality: Later March typically stronger than Feb in mid term year

Indices:

$QQQ: Downtrend

$SQQQ: Uptrend

$IWM: No trend

$SPY: Downtrend

$DIA: Downtrend

1%+ sectors yesterday:

• $XLE +1.57%

1%- sectors yesterday:

• $SMH -4.56%
• $XTL -3.90%
• $XLK -3.11%
• $TAN -3.09%
• $XLI -2.32%
• $XLY -1.72%
• $IYT -1.37%
• $JETS -1.15%

Main sectors monthly trailing:

• Leading – $XLE
• Lagging – $XLI $XLP

Sub sectors monthly trailing:

• Leading – $HACK $TLT
• Lagging – $JETS $SMH

Bitcoin: Under the 200sma at 68k ish

Themes: Energy, Semis, Tech, Comms

Are breakouts likely to work for the next 3 – 5 days: No

Are breakdowns likely to work for the next 3 – 5 days: Yes

Should I be trading: WSS & EP’s only

Overall market trend: Bearish phase

Yesterdays market: Money entering the market – High buying pressure

TC2000 McClellan: 1

Stocks above 40PMA: 25%

Seasonality: Later March typically stronger than Feb in mid term year

Indices:

$QQQ: Downtrend

$SQQQ: Uptrend

$IWM: No trend

$SPY: Downtrend

$DIA: Downtrend

1%+ sectors yesterday:

• $TAN +2.81%
• $IBB +2.54%
• $XLB +1.98%
• $JETS +1.89%
• $XTL +1.63%
• $SMH +1.12%
• $RTH +1.11%
• $XLV +1.00%

1%- sectors yesterday:

• None

Main sectors monthly trailing:

• Leading – $XLE $XLK
• Lagging – $XLV $XLP

Sub sectors monthly trailing:

• Leading – $HACK $TLT
• Lagging – $JETS $IYT

Bitcoin: Under the 200sma at 70k ish

Themes: Energy, Semis, Tech, Comms

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