Overall market: Bearish phase
Short term market: Money leaving the market – high selling pressure
TC2000 McClellan: Neutral -6
Stocks above 40PMA: 50%
Seasonality: Typically strong
1%+ sectors yesterday:
- $XLE +2.21%
1%- sectors yesterday:
- $SMH -3.61%
- $XTL -3.24%
- $XLK -2.22%
- $HACK -2.21%
- $XLI -1.62%
- $JETS -1.53%
- $XLY -1.16%
- $TAN -1.13%
Main sectors monthly trailing:
- Leading – $XLF $XLB
- Lagging – $XLK $XLU
Sub sectors monthly trailing:
- Leading – $KRE $JETS
- Lagging – $HACK $TAN
Bitcoin: Under the 200sma at 87k ish
Themes: Metals, Bio, Healthcare, Transports, Financials, Regional banks
Are breakouts likely to work: No
Are breakdowns likely to work: Yes
Should I be trading: Weak structure shorts
Stock goat 