Overall market: Bullish phase
Yesterdays market: High selling pressure
TC2000 McClellan: Neutral -13
Stocks above 40PMA: 58%
Seasonality: Typically strong 1st qtr Feb typically weakest
1%+ sectors yesterday:
- $JETS +2.64%
- $IYT +1.97%
- $KRE +1.84%
- $XLF +1.06%
- $XLI +1.05%
1%- sectors yesterday:
- $HACK -3.05%
- $TAN -2.81%
- $XLK -1.58%
- $XTL -1.01%
Main sectors monthly trailing:
- Leading – $XLE $XLB
- Lagging – $XLF $XLV
Sub sectors monthly trailing:
- Leading – $SMH $TAN
- Lagging – $HACK $TLT
Bitcoin: Under the 200sma at 83k ish
Themes: Crypto, Metals, Semis, Cloud, Biotech, Technology, Solar, Energy, Materials
Are breakouts likely to work: Selectively
Are breakdowns likely to work: Scalps
Should I be trading: Yes EP9, EPs, SoS, earnings season major tech reporting over the next week