Overall market: Bearish phase
Short term market: Money leaving the market – very high selling pressure
TC2000 McClellan: Oversold zone -101
Stocks above 40PMA: 25%
Seasonality: Typically strong but very weak currently
1%+ sectors yesterday:
- None
1%- sectors yesterday:
- $XTL -4.64%
- $SMH -4.22%
- $TAN -4.12%
- $XLK -3.14%
- $IYT -2.28%
- $HACK -2.19%
- $XLI -1.68%
- $JETS -1.54%
- $XLB -1.49%
- $XLY -1.49%
- $XLE -1.13%
Main sectors monthly trailing:
- Leading – $IBB $XLV
- Lagging – $XLY $XLK
Sub sectors monthly trailing:
- Leading – $TAN $KRE
- Lagging – $HACK $JETS
Bitcoin: Under the 200sma at 84k ish
Themes: Biotech, Healthcare
Are breakouts likely to work: No
Are breakdowns likely to work: Yes
Should I be trading: No, good $NVDA earnings caused markets to rise early but then quickly sold off to form outside bearish days in the indices.
Stock goat 