Overall market trend: Neutral
Yesterdays market: Money leaving the market – High selling pressure
TC2000 McClellan: Neutral -31
Stocks above 40PMA: 45%
Seasonality: Later March typically stronger than Feb in mid term year
Indices:
$QQQ: No trend
$SQQQ: No trend
$IWM: No trend
$SPY: No trend
$DIA: Downtrend
1%+ sectors yesterday:
- $HACK +0.59%
1%- sectors yesterday:
- $SMH -3.77%
- $TAN -3.35%
- $XTL -2.50%
- $XLB -2.46%
- $IBB -2.20%
- $XLI -1.93%
- $XLK -1.46%
- $XLV -1.13%
- $XLP -1.09%
Main sectors monthly trailing:
- Leading – $XLE $XLU
- Lagging – $XLK $XLY
Sub sectors monthly trailing:
- Leading – $IYT $TLT
- Lagging – $JETS $SMH
Bitcoin: Under the 200sma at 70k ish
Themes: Energy, Materials, Telecoms, Industrials, Semis, Tech
Are breakouts likely to work: Select
Are breakdowns likely to work: Select
Should I be trading: Choppy, manage current positions