Overall market: Bullish phase
Short term market: Money entering the market – high buying pressure
TC2000 McClellan: Neutral 40
Stocks above 40PMA: 57%
Seasonality: Typically strong 1st qtr
1%+ sectors yesterday:
- $SMH +2.66%
- $XTL +2.63%
- $IYT +2.53%
- $IBB +2.33%
- $XLB +1.98%
- $XLV +1.97%
- $RTH +1.43%
- $XLK +1.40%
- $XLI +1.36%
- $KRE +1.01%
1%- sectors yesterday:
- $XLE -2.67%
Main sectors monthly trailing:
- Leading – $XLF $XLB
- Lagging – $XLP $XLU
Sub sectors monthly trailing:
- Leading – $JETS $TAN
- Lagging – $HACK $TLT
Bitcoin: Under the 200sma at 93k ish
Themes: Crypto, Metals, Solar, Semis, Transports, Financials, Regional banks, Space
Are breakouts likely to work: Yes
Are breakdowns likely to work: No
Should I be trading: Yes EP9, EPs, SoS