Overall market: Bullish phase
Short term market: High buying pressure – money coming into the market
TC2000 McClellan: Neutral 14
Stocks above 40PMA: 47%
Seasonality: Typically strong
1%+ sectors yesterday:
- None
1%- sectors yesterday:
- $IBB -1.68%
- $IYT -1.08%
Main sectors monthly trailing:
- Leading – $IBB $XLE
- Lagging – $XLY $XLU
Sub sectors monthly trailing:
- Leading – $KRE $JETS
- Lagging – $TLT $TAN
Bitcoin: Under the 200sma at 93k ish
Themes: Metals, Semis, Bio, Healthcare, Transports, Energy, Financials
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 and FOMC tonight