Overall market: Bearish phase
Short term market: Neutral
TC2000 McClellan: Neutral -66
Stocks above 40PMA: 29%
Seasonality: Typically strong but very weak currently
1%+ sectors yesterday:
- $SMH +1.85%
- $KRE +1.06%
1%- sectors yesterday:
- $XLE -1.30%
- $TAN -1.24%
Main sectors monthly trailing:
- Leading – $IBB $XLV
- Lagging – $XLY $XLP
Sub sectors monthly trailing:
- Leading – $TAN $KRE
- Lagging – $HACK $JETS
Bitcoin: Under the 200sma at 92k 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, will see how the markets react to the positive $NVDA earnings, will be a good tell as to where we are.
Stock goat 