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