Overall market: Bearish phase
Short term market: Money leaving the market – high selling pressure
TC2000 McClellan: Oversold region -87
Stocks above 40PMA: 27%
Seasonality: Typically strong
1%+ sectors yesterday:
- None
1%- sectors yesterday:
- $KRE -3.76%
- $JETS -3.54%
- $XTL -2.27%
- $XLF -1.91%
- $XLE -1.83%
- $HACK -1.68%
- $XLK -1.57%
- $XLB -1.52%
- $TAN -1.51%
- $IYT -1.40%
- $SMH -1.36%
Main sectors monthly trailing:
- Leading – $IBB $XLV
- Lagging – $XLU $XLB
Sub sectors monthly trailing:
- Leading – $TAN $RTH
- Lagging – $HACK $JETS
Bitcoin: Under the 200sma at 91k ish
Themes: Quality earnings, Metals, Semis, Memory
Are breakouts likely to work: No
Are breakdowns likely to work: Breaking down from flags
Should I be trading: No
Stock goat 