Overall market: Bullish phase
Short term market: Money entering the market – normal buying pressure
TC2000 McClellan: Neutral 55
Stocks above 40PMA: 65%
Seasonality: Typically strong 1st qtr
1%+ sectors Friday:
- $SMH +1.00%
1%- sectors Friday:
- None
Main sectors monthly trailing:
- Leading – $XLI $XLB
- Lagging – $XLF $XLV
Sub sectors monthly trailing:
- Leading – $SMH $TAN
- Lagging – $HACK $TLT
Bitcoin: Under the 200sma at 93k ish
Themes: Crypto, Metals, Semis, Transports, Biotech, Financials, Technology
Are breakouts likely to work: Yes some stocks extended so important to buy day 1
Are breakdowns likely to work: No
Should I be trading: Yes EP9, EPs, SoS