Overall market trend: Bullish phase (day 1)
Yesterdays market: Very high buying pressure
TC2000 McClellan: Neutral 44
Stocks above 40PMA: 60%
Seasonality: Feb typically weakest of the 1st 3 months
1%+ sectors Friday:
- $XTL +5.96%
- $JETS +5.73%
- $SMH +5.40%
- $TAN +3.42%
- $HACK +3.31%
- $IBB +2.91%
- $XLI +2.86%
- $IYT +2.01%
- $XLB +2.00%
- $XLE +1.99%
- $XLV +1.85%
- $KRE +1.84%
- $XLF +1.82%
1%- sectors Friday:
- None
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 70k ish
Themes: Solar, Energy, Materials, Transports, Staples, Industrials
Are breakouts likely to work: Probably with potentially less follow through
Are breakdowns likely to work: Sharp bounce on Friday so elevated risk
Should I be trading: EP’s, DEP’s, SoS
Stock goat 