Overall market trend: Neutral
Fridays market: Money entering the market – High buying pressure
TC2000 McClellan: Neutral 10
Stocks above 40PMA: 52%
Seasonality: Feb typically weakest of the 1st 3 months
Indices:
$QQQ: No trend
$SQQQ: No trend
$IWM: No trend
$SPY: No trend
$DIA: Downtrend
1%+ sectors yesterday:
- $HACK +1.95%
- $XLK +1.92%
- $KRE +1.75%
- $XLF +1.75%
- $SMH +1.67%
1%- sectors yesterday:
- $TAN -2.02%
Main sectors monthly trailing:
- Leading – $XLE $XLU
- Lagging – $XLF $XLY
Sub sectors monthly trailing:
- Leading – $SMH $TAN
- Lagging – $HACK $RTH
Bitcoin: Under the 200sma at 68k ish
Themes: Energy, Materials, Telecoms, Industrials, Semis, Tech
Are breakouts likely to work: Select
Are breakdowns likely to work: Select
Should I be trading: Market might be turning out of the chop phase, but still in manage current positions mode