Overall market: Bullish phase
Short term market: Money coming into the market
TC2000 McClellan: Neutral 12
Stocks above 40PMA: 35%
Seasonality: Typically choppy until the end of Oct
1%+ sectors yesterday:
- $IBB 1.37%
- $SMH 1.18%
- $TAN 1.0%
1%- sectors yesterday:
- None
Main sectors monthly trailing:
- Leading – $XLU $IBB
- Lagging – $XLE $XLY
Sub sectors monthly trailing:
- Leading – $TAN $SMH
- Lagging – $KRE $RTH
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