Overall market trend: Bullish phase
Yesterdays market: Normal buying selling pressure
TC2000 McClellan: Neutral 48
Stocks above 40PMA: 62%
Seasonality: Feb typically weakest of the 1st 3 months
1%+ sectors yesterday:
- $XLU +1.66%
- $XLB +1.40%
- $TLT +1.15%
- $HACK +1.04%
1%- sectors yesterday:
- $IBB -1.32%
- $KRE -1.06%
Main sectors monthly trailing:
- Leading – $XLE $XLB
- Lagging – $XLF $XLY
Sub sectors monthly trailing:
- Leading – $SMH $TAN
- Lagging – $HACK $SPY
Bitcoin: Under the 200sma at 67k ish
Themes: Solar, Energy, Materials, Transports, Staples, Industrials
Are breakouts likely to work: No
Are breakdowns likely to work: Yes
Should I be trading: No chopfest let market setup