Overall market: Bullish phase
Short term market: Money entering the market – Very high buying pressure
TC2000 McClellan: Neutral 74
Stocks above 40PMA: 53%
Seasonality: Typically strong
1%+ sectors yesterday:
- $IYT +2.53%
- $KRE +2.08%
- $XLE +1.87%
- $IBB +1.78%
- $JETS +1.76%
- $SMH +1.37%
- $XLF +1.34%
- $HACK +1.27%
- $XTL +1.25%
- $XLY +1.08%
1%- sectors yesterday:
- None
Main sectors monthly trailing:
- Leading – $IBB $XLV
- Lagging – $XLK $XLU
Sub sectors monthly trailing:
- Leading – $KRE $JETS
- Lagging – $TAN $HACK
Bitcoin: Under the 200sma at 93k ish
Themes: Metals, Semis, Transports, Energy
Are breakouts likely to work: Quality CATs
Are breakdowns likely to work: Maybe
Should I be trading: High quality 9mil & EP’s only