Overall market trend: Neutral
Yesterdays market: Money leaving the market – High selling pressure
TC2000 McClellan: Neutral -31
Stocks above 40PMA: 45%
Seasonality: Later March typically stronger than Feb in mid term year
Indices:
$QQQ: No trend
$SQQQ: No trend
$IWM: No trend
$SPY: No trend
$DIA: Downtrend
1%+ sectors yesterday:
- $XTL +2.65%
- $XLY +1.78%
- $XLK +1.70%
- $IBB +1.69%
1%- sectors yesterday:
- None
Main sectors monthly trailing:
- Leading – $XLE $XLU
- Lagging – $XLF $XLY
Sub sectors monthly trailing:
- Leading – $IYT $TLT
- Lagging – $JETS $KRE
Bitcoin: Under the 200sma at 72k ish
Themes: Energy, Materials, Telecoms, Industrials, Semis, Tech
Are breakouts likely to work: Select
Are breakdowns likely to work: Select
Should I be trading: Choppy, manage current positions