Overall market: Bullish phase
Short term market: Money entering the market – high buying pressure
TC2000 McClellan: Neutral -5
Stocks above 40PMA: 54%
Seasonality: Typically strong 1st qtr
1%+ sectors yesterday:
- $IBB +3.21%
- $XLV +0.99%
1%- sectors yesterday:
- $XLU -2.42%
- $XTL -2.33%
- $TAN -2.02%
- $XLI -1.88%
- $XLB -1.73%
- $XLF -1.40%
- $IYT -1.13%
- $XLE -1.12%
- $XLP -1.10%
Main sectors monthly trailing:
- Leading – $XLV $XLB
- Lagging – $XLP $XLU
Sub sectors monthly trailing:
- Leading – $JETS $SMH
- Lagging – $HACK $TLT
Bitcoin: Under the 200sma at 93k ish
Themes: Crypto, Metals, Semis, Transports, Biotech, Financials, Regional banks, Space, Industrials, Healthcare
Are breakouts likely to work: Yes
Are breakdowns likely to work: No
Should I be trading: Yes EP9, EPs, SoS