Overall market trend: Neutral
Yesterdays market: Money entering the market
TC2000 McClellan: Neutral 10
Stocks above 40PMA: 56%
Seasonality: Feb typically weakest of the 1st 3 months
Indices:
$QQQ: Downtrend
$SQQQ: Uptrend
$IWM: Uptrend
$SPY: Downtrend
$DIA: Downtrend
1%+ sectors yesterday:
- $XTL +1.25%
- $XLU +1.10%
1%- sectors yesterday:
- $JETS -3.96%
- $TAN -3.16%
Main sectors monthly trailing:
- Leading – $XLE $XLB
- Lagging – $XLF $XLY
Sub sectors monthly trailing:
- Leading – $KRE $TAN
- Lagging – $HACK $RTH
Bitcoin: Under the 200sma at 68k ish
Themes: Solar, Energy, Materials, Transports, Industrials
Are breakouts likely to work: No
Are breakdowns likely to work: Yes
Should I be trading: No, chopfest let market setup