Overall market trend: Bullish phase
Yesterdays market: Very high selling pressure
TC2000 McClellan: Neutral 24
Stocks above 40PMA: 58%
Seasonality: Feb typically weakest of the 1st 3 months
1%+ sectors yesterday:
- $TAN +4.52%
- $XLB +2.35%
- $XLE +2.25%
- $JETS +1.57%
- $KRE +1.56%
- $IYT +1.52%
- $XLP +1.30%
- $XLV +1.25%
1%- sectors yesterday:
- $SMH -3.94%
- $XTL -3.26%
- $XLK -2.79%
- $XLK -2.19%
Main sectors monthly trailing:
- Leading – $XLE $XLB
- Lagging – $XLF $XLK
Sub sectors monthly trailing:
- Leading – $KRE $TAN
- Lagging – $HACK $TLT
Bitcoin: Under the 200sma at 71k ish
Themes: Crypto, Metals, Cloud, Biotech, Technology, Solar, Energy, Materials
Are breakouts likely to work: No
Are breakdowns likely to work: Yes
Should I be trading: Not a good environment will just manage current positions unless exceptional opportunity presents
Stock goat 