Overall market: Bullish phase
Short term market: High buying pressure – money coming into the market
TC2000 McClellan: Neutral 58
Stocks above 40PMA: 53%
Seasonality: Typically strong
1%+ sectors yesterday:
- $KRE +3.46%
- $TAN +2.76%
- $JETS +2.04%
- $XTL +1.99%
- $XLB +1.96%
- $XLI +1.83%
- $XLY +1.47%
- $XLV +1.45%
- $SMH +1.38%
- $XLF +1.14%
- $IBB +1.10%
- $XLE +1.05%
- $IYT +1.03%
1%- sectors yesterday:
- None
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, Financials
Are breakouts likely to work: Quality CATs
Are breakdowns likely to work: Extended / exhausted, scalps
Should I be trading: High quality 9mil & still feels choppy although more back to back buying days