Overall market: Bullish phase
Short term market: Money coming in
TC2000 McClellan: Neutral -41
Stocks above 40PMA: 55% (-2%)
Seasonality: Weak, September typically weakest of the year, especially 2nd half
1%+ sectors yesterday:
- none
1%- sectors yesterday:
- $XLU -1.82%
- $XTL -1.05%
Main sectors monthly trailing:
- Leading – $XLY $XLE (no change)
- Lagging – $XLP $XLU (no change)
Sub sectors monthly trailing:
- Leading – $TAN $TLT ($JETS replaced by $TLT)
- Lagging – $JETS $IYT ($RTH replaced by $JETS & $TLT replaced by $IYT)
Are breakouts working: Mixed
Are breakdowns working: Mixed
Should I be trading: FOMC today market likely quiet until the outcome of the meeting. Expected 0.25% interest cut, already priced in so the commentary will probably drive the markets eg. expecting X amount of rate cuts for the rest of 2025.
Stock goat 