Overall market: Bullish phase
Yesterdays market: Neutral
TC2000 McClellan: Neutral -7
Stocks above 40PMA: 59%
Seasonality: Typically strong 1st qtr
1%+ sectors yesterday:
- $XTL +2.49%
- $SMH +2.11%
- $TAN +1.72%
- $XLK +1.35%
- $XLU +1.31%
1%- sectors yesterday:
- $XLV -1.68%
- $JETS -1.62%
Main sectors monthly trailing:
- Leading – $XLE $XLB
- Lagging – $XLF $XLV
Sub sectors monthly trailing:
- Leading – $SMH $TAN
- Lagging – $HACK $JETS
Bitcoin: Under the 200sma at 89k ish
Themes: Crypto, Metals, Semis, Retail, Biotech, Technology, Solar, Energy, Materials
Are breakouts likely to work: Selectively
Are breakdowns likely to work: Extended stocks should be focus
Should I be trading: Yes EP9, EPs, SoS, earnings season major tech reporting over the next 2 weeks