Overall market: Bullish phase
Short term market: Money leaving the market – high selling pressure
TC2000 McClellan: Neutral -18
Stocks above 40PMA: 59%
Seasonality: Typically strong 1st qtr
1%+ sectors yesterday:
- None
1%- sectors yesterday:
- $XLY -2.60%
- $XLK -2.60%
- $JETS -2.52%
- $SMH -2.50%
- $HACK -2.47%
- $IYT -2.30%
- $XLF -2.28%
- $XLI -2.02%
- $RTH -1.46%
- $KRE -1.31%
- $TLT -1.31%
- $XLB -1.01%
Main sectors monthly trailing:
- Leading – $XLE $XLB
- Lagging – $XLF $XLY
Sub sectors monthly trailing:
- Leading – $SMH $TAN
- Lagging – $HACK $JETS
Bitcoin: Under the 200sma at 89k ish
Themes: Crypto, Metals, Semis, Transports, Biotech, Financials, Technology
Are breakouts likely to work: Selectively, $SPY & $QQQ closed below 50 sma
Are breakdowns likely to work: Extended stocks should be focus
Should I be trading: Yes EP9, EPs, SoS
Stock goat 