Overall market: Bullish phase
Short term market: Money leaving the market – normal buying & selling pressure
TC2000 McClellan: Neutral -4
Stocks above 40PMA: 50%
Seasonality: Typically strong
1%+ sectors yesterday:
- None
1%- sectors yesterday:
- $XLE -3.05%
- $XLV -1.30%
Main sectors monthly trailing:
- Leading – $XLY $XLF
- Lagging – $XLE $XLU
Sub sectors monthly trailing:
- Leading – $KRE $JETS
- Lagging – $HACK $TLT
Bitcoin: Under the 200sma at 86k ish
Themes: Metals, Bio, Healthcare, Transports, Financials, Regional banks
Are breakouts likely to work: Quality CATs, EP9
Are breakdowns likely to work: Scalping extended stocks
Should I be trading: Doesnt feel like it just chop