Overall market: Bearish phase
Short term market: Money entering the market – high buying pressure
TC2000 McClellan: Neutral zone 65
Stocks above 40PMA: 46%
Seasonality: Typically strong
1%+ sectors yesterday:
- $KRE +2.84%
- $JETS +2.80%
- $XLV +2.26%
- $RTH+2.17%
- $XLY +2.14%
- $IYT +1.81%
- $HACK +1.80%
- $IBB +1.54%
- $XLB +1.49%
- $XLP +1.38%
- $TAN +1.33%
- $XLI +1.28%
- $XTL +1.26%
- $XLF +1.25%
1%- sectors yesterday:
- None
Main sectors monthly trailing:
- Leading – $IBB $XLV
- Lagging – $XLK $XLU
Sub sectors monthly trailing:
- Leading – $KRE $IYT
- Lagging – $SMH $HACK
Bitcoin: Under the 200sma at 88k ish
Themes: Biotech, Healthcare, Quality earnings
Are breakouts likely to work: CATs
Are breakdowns likely to work: No
Should I be trading: Yes but cautionary after 3 day rally. EP9s with quality CATs. $SPY & $QQQ back above 50sma.
Stock goat 