Overall market: Bullish phase
Short term market: Money entering the market
TC2000 McClellan: Neutral -25
Stocks above 40PMA: 47% (no change)
Seasonality: Typically choppy until end of Oct
1%+ sectors yesterday:
- $TAN 3.32%
- $XTL 1.59%
1%- sectors yesterday:
- $XLB -1.05%
Main sectors monthly trailing:
- Leading – $XLK $IBB (no change)
- Lagging – $XLB $XLP (no change)
Sub sectors monthly trailing:
- Leading – $SMH $TAN (no change)
- Lagging – $JETS $KRE (no change)
Are breakouts likely to work: EP9 will be focus
Are breakdowns likely to work: No
Should I be trading: Yes according to trading plan