Overall market: Bearish phase
Short term market: Money entering the market – very high buying pressure
TC2000 McClellan: Neutral -18
Stocks above 40PMA: 35%
Seasonality: Typically strong but very weak currently
1%+ sectors Friday:
- $JETS +3.51%
- $KRE +3.39%
- $IYT +2.77%
- $XLB +2.24%
- $XTL +2.12%
- $XLV +2.11%
- $IBB +2.00%
- $XLY +1.96%
- $RTH +1.75%
- $XLI +1.22%
- $XLF +1.10%
- $XLP +1.09%
1%- sectors Friday:
- None
Main sectors monthly trailing:
- Leading – $IBB $XLV
- Lagging – $XLY $XLK
Sub sectors monthly trailing:
- Leading – $TAN $KRE
- Lagging – $HACK $SMH
Bitcoin: Under the 200sma at 86k ish
Themes: Biotech, Healthcare
Are breakouts likely to work: No
Are breakdowns likely to work: Maybe
Should I be trading: Markets put in a bullish day Friday so bounce may continue of a few days so will be keeping an eye on Sugababy reversals.
Stock goat 