Overall market: Bearish phase
Short term market: Money leaving the market (very high selling pressure)
TC2000 McClellan: Neutral -61
Stocks above 40PMA: 28%
Seasonality: Strongest 6 months typically starts now
1%+ sectors yesterday:
- None
1%- sectors yesterday:
- $XTL -3.37%
- $JETS -3.31%
- $HACK -2.56%
- $TAN -2.46%
- $XLY -1.66%
- $IYT -1.37%
- $XLI -1.16%
Main sectors monthly trailing:
- Leading – $IBB $XLK
- Lagging – $XLB $XLF
Sub sectors monthly trailing:
- Leading – $SMH $TAN
- Lagging – $KRE $JETS
Bitcoin: Under the 200sma at 102k’ish
Themes: AI, Nuclear, Crypto, Semis, Memory, Data centres, Quantum
Are breakouts likely to work: No
Are breakdowns likely to work: Yes
Should I be trading: No, big breadth thrust to the downside & 1st bearish phase since May, wait for things to settle or an extreme flush.
Stock goat 