SA 02/02/2026

Overall market: Bullish phase

Yesterdays market: High selling pressure

TC2000 McClellan: Neutral -31

Stocks above 40PMA: 55%

Seasonality: Feb typically weakest of the 1st 3 months

1%+ sectors Friday:

  • None

1%- sectors Friday:

  • $XLE -2.06%
  • $JETS -1.65%
  • $SMH -1.62%
  • $XLB -1.46%
  • $XLK -1.36%
  • $XTL -1.01%

Main sectors monthly trailing:

  • Leading – $XLE $XLB
  • Lagging – $XLF $XLK

Sub sectors monthly trailing:

  • Leading – $SMH $TAN
  • Lagging – $HACK $TLT

Bitcoin: Under the 200sma at 77k ish

Themes: Crypto, Metals, Semis, Cloud, Biotech, Technology, Solar, Energy, Materials

Are breakouts likely to work: Shorter durations

Are breakdowns likely to work: Yes

Should I be trading: Yes EP9, EPs, SoS, earnings season major tech reporting over the next week

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