Overall market: Bullish phase
Short term market: Neutral
TC2000 McClellan: Neutral 2
Stocks above 40PMA: 47%
Seasonality: Typically strong
1%+ sectors yesterday:
- $SMH +1.13%
1%- sectors yesterday:
- $XLY -1.45%
- $XLB -1.38%
- $XLU -1.34%
- $XLV -1.19%
- $XLE -1.09%
Main sectors monthly trailing:
- Leading – $IBB $XLV
- Lagging – $XLY $XLU
Sub sectors monthly trailing:
- Leading – $KRE $JETS
- Lagging – $TLT $TAN
Bitcoin: Under the 200sma at 90k ish
Themes: Metals, Semis, Bio, Healthcare, Transports, Energy
Are breakouts likely to work: Quality CATs
Are breakdowns likely to work: Extended / exhausted, scalps
Should I be trading: High quality 9mil & EP’s only still think in choppy phase