Overall market: Bullish phase
Short term market: Money leaving the market
TC2000 McClellan: Neutral 48
Stocks above 40PMA: 39%
Seasonality: Typically choppy until the end of Oct
1%+ sectors yesterday:
- $XLY 1.22%
1%- sectors yesterday:
- $XLU -1.02%
Main sectors monthly trailing:
- Leading – $IBB $XLU
- Lagging – $XLB $XLF
Sub sectors monthly trailing:
- Leading – $SMH $TAN
- Lagging – $JETS $KRE
Bitcoin: Still testing 200sma at 108k’ish
Are breakouts likely to work: Strong catalysts EP9
Are breakdowns likely to work: Scalping
Should I be trading: Expecting choppy action for a few weeks moves driven by Trump & earnings