Overall market: Bearish phase
Short term market: Money entering the market – high buying pressure
TC2000 McClellan: Bullish zone 95
Stocks above 40PMA: 49%
Seasonality: Typically strong
1%+ sectors yesterday:
- $SMH +2.26%
- $JETS +2.14%
- $TAN +1.74%
- $XTL+1.48%
- $IYT+1.39%
- $XLU +1.33%
- $XLK +1.18%
- $XLP +1.09%
1%- sectors yesterday:
- None
Main sectors monthly trailing:
- Leading – $IBB $XLV
- Lagging – $XLK $XLY
Sub sectors monthly trailing:
- Leading – $KRE $JETS
- Lagging – $SMH $HACK
Bitcoin: Under the 200sma at 91k ish
Themes: Biotech, Healthcare, Quality earnings
Are breakouts likely to work: Yes although 4 day rally so due a pause
Are breakdowns likely to work: No
Should I be trading: Yes but cautionary after 4 day rally. EP9s with quality CATs. $SPY & $QQQ back above 50sma.
Stock goat 