SA 23/02/2026

Overall market trend: Neutral

Fridays market: Money leaving the market

TC2000 McClellan: Neutral 25

Stocks above 40PMA: 56%

Seasonality: Feb typically weakest of the 1st 3 months

Indices:

$QQQ: No trend

$SQQQ: No trend

$IWM: Uptrend

$SPY: No trend

$DIA: Downtrend

1%+ sectors Friday:

  • $TAN +2.14%
  • $IYT +1.68%
  • $KRE +1.28%
  • $JETS +1.27%
  • $SMH +1.18%
  • $XLY +1.04%

1%- sectors Friday:

  • $HACK -3.05%

Main sectors monthly trailing:

  • Leading – $XLE $XLB
  • Lagging – $XLF $XLY

Sub sectors monthly trailing:

  • Leading – $IYT $TAN
  • Lagging – $HACK $RTH

Bitcoin: Under the 200sma at 66k 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

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