Overall market: Bullish phase
Short term market: Money entering the market
TC2000 McClellan: Neutral -31
Stocks above 40PMA: 32%
Seasonality: Strongest 6 months starts now
1%+ sectors Friday:
- $TAN 2.91%
- $XLY 2.64%
- $HACK 1.75%
- $JETS 1.61%
- $RTH 1.49%
- $IBB 1.32%
- $IYT 1.20%
- $XTL 1.08%
1%- sectors Friday:
- $TAN -1.79%
- $XLB -1.34%
- $JETS -1.18%
Main sectors monthly trailing:
- Leading – $IBB $XLK
- Lagging – $XLB $XLP
Sub sectors monthly trailing:
- Leading – $SMH $TAN
- Lagging – $KRE $JETS
Bitcoin: Under the 200sma at 107k’ish
Themes: AI, Nuclear, Crypto, Semis, Memory, Data centres, Quantum
Are breakouts likely to work: No
Are breakdowns likely to work: Extended stocks
Should I be trading: Choppy conditions expected for remainder of earnings season so will be highly selective