Overall market: Bullish phase
Short term market: Money entering the market
TC2000 McClellan: Bullish 68
Stocks above 40PMA: 43%
Seasonality: Typically choppy until the end of Oct
1%+ sectors Friday:
- $TAN 3.37%
- $JETS 2.41%
- $XTL 1.92%
- $SMH 1.84%
- $KRE 1.73%
- $XLK 1.55%
- $XLU 1.17%
- $XLF 1.08%
- $HACK 1.02%
1%- sectors Friday:
- $XLE -1.01%
Main sectors monthly trailing:
- Leading – $IBB $XLV
- Lagging – $XLE $XLF
Sub sectors monthly trailing:
- Leading – $SMH $TAN
- Lagging – $KRE $IYT
Bitcoin: Strong bounce above 200 sma above $115k
Are breakouts likely to work: Yes
Are breakdowns likely to work: Highly extended stocks
Should I be trading: Yes within trading plan