Overall market: Bearish
Short term market: Money leaving the market
TC2000 McClellan: Neutral -50
Stocks above 40PMA: 31%
Seasonality: Strongest 6 months typically start around now
1%+ sectors yesterday:
- None
1%- sectors yesterday:
- $XTL -3.12%
- $XLY -2.31%
- $TAN -2.03%
- $JETS -1.48%
- $RTH -1.13%
Main sectors monthly trailing:
- Leading – $IBB $XLV
- Lagging – $XLB $XLP
Sub sectors monthly trailing:
- Leading – $TAN $SMH
- Lagging – $KRE $HACK
Bitcoin: Under the 200sma at 101k’ish
Themes: AI, Nuclear, Crypto, Semis, Memory, Data centres, Quantum, Clean energy
Are breakouts likely to work: No
Are breakdowns likely to work: Yes
Should I be trading: No, market still being sold and doesn’t feel like mass panic, although number of stocks down 20% recorded over 100 which is considered bullish
Stock goat 