Overall market: Bullish phase
Short term market: Money coming into the market
TC2000 McClellan: Neutral -3
Stocks above 40PMA: 36%
Seasonality: Typically choppy until the end of Oct
1%+ sectors yesterday:
- $JETS 3.17%
- $SMH 2.49%
- $IYT 1.43%
- $XTL 1.29%
- $TAN 1.23%
- $XLK 1.14%
- $RTH 1.03%
- $XLB 1.00%
1%- sectors yesterday:
- $HACK -1.46%
Main sectors monthly trailing:
- Leading – $IBB $XLU
- Lagging – $XLY $XLB
Sub sectors monthly trailing:
- Leading – $SMH $TAN
- Lagging – $JETS $KRE
Are breakouts likely to work: Strong catalysts yes
Are breakdowns likely to work: Maybe
Should I be trading: Volatility increasing will create opportunities for EP9s with strong catalysts