Overall market: Bullish phase
Short term market: Money leaving the market
TC2000 McClellan: Deteriorating -87
Stocks above 40PMA: 46% (-6%)
Seasonality: Weak, this week is typically one of the weakest weeks in the year.
1%+ sectors yesterday:
- None
1%- sectors yesterday:
- $IBB -1.81%
- $XLY -1.41%
- $XLB -1.30%
Main sectors monthly trailing:
- Leading – $XLK $XLE ($XLE replaces $XLY)
- Lagging – $XLB $XLP (no change)
Sub sectors monthly trailing:
- Leading – $SMH $TAN ($TAN replaces $HACK)
- Lagging – $JETS $KRE ($KRE replaces $IYT)
Are breakouts likely to work: No
Are breakdowns likely to work: Quick 1 day shorts probably
Should I be trading: Typically for my style no
Stock goat 