Overall market: Bullish phase
Short term market: Money entering the market
TC2000 McClellan: Neutral 42
Stocks above 40PMA: 35%
Seasonality: Typically choppy until the end of Oct
1%+ sectors yesterday:
- $JETS 2.53%
- $KRE 2.49%
- $HACK 1.68%
- $IBB 1.49%
- $TAN 1.46%
- $IYT 1.45%
- $SMH 1.28%
- $XLB 1.19%
- $XLI 1.18%
- $XLF 1.17%
- $XTL 1.14%
- XLK 1.12%
- $XLV 1.06%
- $XLE 1.06%
1%- sectors yesterday:
- None
Main sectors monthly trailing:
- Leading – $IBB $XLU
- Lagging – $XLE $XLF
Sub sectors monthly trailing:
- Leading – $SMH $TAN
- Lagging – $JETS $KRE
Bitcoin: Back testing 200sma at 108k’ish
Are breakouts likely to work: Strong catalysts EP9
Are breakdowns likely to work: No
Should I be trading: Expecting choppy action for a few weeks moves driven by Trump & earnings