Overall market trend: Bearish
Fridays market: Money leaving the market – Normal selling pressure
TC2000 McClellan: Bounce territory -147
Stocks above 40PMA: 23%
Seasonality: Later March typically stronger than Feb in mid term year
Indices:
$QQQ: No trend
$SQQQ: No trend
$IWM: Downtrend
$SPY: Downtrend
$DIA: Downtrend
1%+ sectors Friday:
- $TAN +1.15%
1%- sectors Friday:
- None
Main sectors monthly trailing:
- Leading – $XLE $XLU
- Lagging – $XLF $XLB
Sub sectors monthly trailing:
- Leading – $HACK $TLT
- Lagging – $JETS $KRE
Bitcoin: Under the 200sma at 73k ish
Themes: Energy, Materials, Telecoms, Industrials, Semis, Tech
Are breakouts likely to work: No but getting close to bounce territory
Are breakdowns likely to work: Yes
Should I be trading: No, manage current positions
Stock goat 