Overall market: Bullish phase
Short term market: Money entering the market – high buying pressure
TC2000 McClellan: Neutral 41
Stocks above 40PMA: 61%
Seasonality: Typically strong 1st qtr
1%+ sectors yesterday:
- $XLE +3.15%
- $XLP +2.38%
- $KRE +1.99%
- $XLB +1.76%
- $XLY +1.67%
- $RTH +1.39%
- $IYT +1.18%
1%- sectors yesterday:
- $IBB -2.53%
- $SMH -1.57%
- $XLK -1.56%
- $HACK -1.34%
Main sectors monthly trailing:
- Leading – $XLF $XLB
- Lagging – $XLP $XLK
Sub sectors monthly trailing:
- Leading – $JETS $TAN
- Lagging – $HACK $TLT
Bitcoin: Under the 200sma at 91k ish
Themes: Crypto, Metals, Semis, Transports, Biotech, Financials, Regional banks, Space, Industrials, Healthcare
Are breakouts likely to work: Yes, although 20% study elevated at 112 suggesting short term pullback in next few days
Are breakdowns likely to work: Selective
Should I be trading: Yes EP9, EPs, SoS
Stock goat 