Overall market: Bearish phase
Short term market: Money entering the market – normal buying & selling pressure yesterday
TC2000 McClellan: Neutral 44
Stocks above 40PMA: 43%
Seasonality: Typically strong
1%+ sectors yesterday:
- $JETS +3.09%
1%- sectors yesterday:
- $TAN -2.47%
- $HACK -1.30%
Main sectors monthly trailing:
- Leading – $IBB $XLV
- Lagging – $XLU $XLP
Sub sectors monthly trailing:
- Leading – $TAN $SMH
- Lagging – $TLT $KRE
Bitcoin: Under the 200sma at 103k’ish
Themes: Quality earnings, Metals, Semis, Memory
Are breakouts likely to work: Maybe
Are breakdowns likely to work: Extended stocks
Should I be trading: Not looking to add any exposure at the moment unless exceptional CAT, $DIA breaking to all time highs suggests rotating into quality earnings over speculative names.
Stock goat 