Overall market trend: Bearish phase
Yesterdays market: Money leaving the market – Normal selling pressure
TC2000 McClellan: Bounce territory -104
Stocks above 40PMA: 23%
Seasonality: Later March typically stronger than Feb in mid term year
Indices:
$QQQ: Downtrend
$SQQQ: Uptrend
$IWM: Downtrend
$SPY: Downtrend
$DIA: Downtrend
1%+ sectors yesterday:
- None
1%- sectors yesterday:
- $RTH -2.30%
- $XLB -2.10%
- $IBB -2.03%
- $TAN -2.01%
- $JETS -1.91%
- $IYT -1.38%
- $SMH -1.21%
Main sectors monthly trailing:
- Leading – $XLE $XLU
- Lagging – $XLV $XLB
Sub sectors monthly trailing:
- Leading – $HACK $SPY
- Lagging – $JETS $KRE
Bitcoin: Under the 200sma at 70k ish
Themes: Energy, Telecoms, Semis, Tech
Are breakouts likely to work: No
Are breakdowns likely to work: Yes
Should I be trading: EP 9mil