Overall market trend: Bearish phase
Yesterdays market: Money leaving the market – High selling pressure
TC2000 McClellan: -24
Stocks above 40PMA: 22%
Seasonality: Later March typically stronger than Feb in mid term year
Indices:
$QQQ: Downtrend
$SQQQ: Uptrend
$IWM: No trend
$SPY: Downtrend
$DIA: Downtrend
1%+ sectors yesterday:
- $XLE +1.57%
1%- sectors yesterday:
- $SMH -4.56%
- $XTL -3.90%
- $XLK -3.11%
- $TAN -3.09%
- $XLI -2.32%
- $XLY -1.72%
- $IYT -1.37%
- $JETS -1.15%
Main sectors monthly trailing:
- Leading – $XLE
- Lagging – $XLI $XLP
Sub sectors monthly trailing:
- Leading – $HACK $TLT
- Lagging – $JETS $SMH
Bitcoin: Under the 200sma at 68k ish
Themes: Energy, Semis, Tech, Comms
Are breakouts likely to work for the next 3 – 5 days: No
Are breakdowns likely to work for the next 3 – 5 days: Yes
Should I be trading: WSS & EP’s only
Stock goat 