Overall market: Bearish
Short term market: Money entering the market – high buying pressure on Friday
TC2000 McClellan: Neutral -4
Stocks above 40PMA: 36%
Seasonality: Strongest 6 months typically start around now
1%+ sectors Friday:
- $SMH 2.54%
- $JETS 2.19%
- $XLK 1.84%
- $XLP 1.47%
- $XLU 1.39%
- $IYT 1.38%
- $XLB 1.20%
1%- sectors yesterday:
- None
Main sectors monthly trailing:
- Leading – $IBB $XLE
- Lagging – $XLB $XLP
Sub sectors monthly trailing:
- Leading – $TAN $SMH
- Lagging – $KRE $HACK
Bitcoin: Under the 200sma at 106k’ish
Themes: AI, Nuclear, Crypto, Semis, Memory, Data centres, Quantum, Clean energy
Are breakouts likely to work: Maybe
Are breakdowns likely to work: Extended stocks
Should I be trading: Market had a flush on Friday and now trying to bounce, could be a bounce in a bigger move down or back to test ATH’s running into Christmas. Will see how things play out before taking any more positions.
Stock goat 