Overall market trend: Bearish phase (day 1)
Yesterdays market: Very high selling pressure
TC2000 McClellan: Neutral -15
Stocks above 40PMA: 53%
Seasonality: Feb typically weakest of the 1st 3 months
1%+ sectors yesterday:
- $TLT +1.09
1%- sectors yesterday:
- $TAN -3.91%
- $XLB -2.68%
- $IBB -2.30%
- $HACK -2.12%
- $XTL -2.18%
- $XLY -2.16%
- $XLK -1.80%
- $XLF -1.24%
- $XLE -1.17%
- $JETS -1.14%
Main sectors monthly trailing:
- Leading – $XLE $XLP
- Lagging – $XLF $XLK
Sub sectors monthly trailing:
- Leading – $KRE $TAN
- Lagging – $HACK $SPY
Bitcoin: Under the 200sma at 65k ish
Themes: Technology, Solar, Energy, Materials
Are breakouts likely to work: No
Are breakdowns likely to work: Yes but expecting sharp bounce soon
Should I be trading: Not a good environment will just manage current positions
Stock goat 