Overall market: Bullish phase
Short term market: Choppy
TC2000 McClellan: Approaching bullish -54
Stocks above 40PMA: 30%
Seasonality: Typically choppy until the end of Oct
1%+ sectors yesterday:
- $SMH 4.43%
- $TAN 3.05%
- $XTL 2.99%
- $KRE 2.19%
- $HACK 1.86%
- $JETS 1.73%
- $XLK 2.44%
- $XLY 2.33%
- $XLB 1.59%
- $XLE 1.36%
- $XLI 1.04%
1%- sectors yesterday:
- $None
Main sectors monthly trailing:
- Leading – $XLK $XLU ($XLK replaces $IBB)
- Lagging – $XLB $XLP ($XLP replaces $XLB)
Sub sectors monthly trailing:
- Leading – $SMH $TAN (no change)
- Lagging – $JETS $KRE (no change)
Are breakouts likely to work: No
Are breakdowns likely to work: Probably
Should I be trading: No expecting sideways action after Fridays big sell off
Stock goat 