Overall market: Bearish phase

Short term market: Money leaving the market – high selling pressure

TC2000 McClellan: Oversold region -87

Stocks above 40PMA: 27%

Seasonality: Typically strong

1%+ sectors yesterday:

• None

1%- sectors yesterday:

• $KRE -3.76%
• $JETS -3.54%
• $XTL -2.27%
• $XLF -1.91%
• $XLE -1.83%
• $HACK -1.68%
• $XLK -1.57%
• $XLB -1.52%
• $TAN -1.51%
• $IYT -1.40%
• $SMH -1.36%

Main sectors monthly trailing:

• Leading – $IBB $XLV
• Lagging – $XLU $XLB

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 91k ish

Themes: Quality earnings, Metals, Semis, Memory

Are breakouts likely to work: No

Are breakdowns likely to work: Breaking down from flags

Should I be trading: No

Overall market: Bearish phase

Short term market: Money leaving the market – normal buying & selling pressure

TC2000 McClellan: Neutral -22

Stocks above 40PMA: 36%

Seasonality: Typically strong

1%+ sectors Friday:

• $TAN +2.12%

1%- sectors Friday:

• $JETS -1.23%

Main sectors monthly trailing:

• Leading – $XLE $IBB
• Lagging – $XLU $XLP

Sub sectors monthly trailing:

• Leading – $KRE $TAN
• Lagging – $HACK $TLT

Bitcoin: Under the 200sma at 95.5k’ish

Themes: Quality earnings, Metals, Semis, Memory

Are breakouts likely to work: No

Are breakdowns likely to work: Extended stocks

Should I be trading: Not looking to add any exposure at the moment unless exceptional CAT.

Overall market: Bearish phase

Short term market: Money entering the market – normal buying & selling pressure yesterday

TC2000 McClellan: Neutral 44

Stocks above 40PMA: 43%

Seasonality: Typically strong

1%+ sectors yesterday:

• $JETS +3.09%

1%- sectors yesterday:

• $TAN -2.47%
• $HACK -1.30%

Main sectors monthly trailing:

• Leading – $IBB $XLV
• Lagging – $XLU $XLP

Sub sectors monthly trailing:

• Leading – $TAN $SMH
• Lagging – $TLT $KRE

Bitcoin: Under the 200sma at 103k’ish

Themes: Quality earnings, Metals, Semis, Memory

Are breakouts likely to work: Maybe

Are breakdowns likely to work: Extended stocks

Should I be trading: Not looking to add any exposure at the moment unless exceptional CAT, $DIA breaking to all time highs suggests rotating into quality earnings over speculative names.

Overall market: Bearish phase

Short term market: Money entering the market – normal buying & selling pressure yesterday

TC2000 McClellan: Neutral 45

Stocks above 40PMA: 42%

Seasonality: Typically strong

1%+ sectors yesterday:

• $IBB 2.88%
• $XLV 2.31%
• $XLP 1.31%
• $XLE 1.31%
• $XLB 1.04%

1%- sectors yesterday:

• $SMH -2.16%
• $TAN -191.%

Main sectors monthly trailing:

• Leading – $IBB $XLE
• Lagging – $XLU $XLP

Sub sectors monthly trailing:

• Leading – $TAN $SMH
• Lagging – $TLT $HACK

Bitcoin: Under the 200sma at 104k’ish

Themes: AI, Metals, Crypto, Semis, Memory, Data centres, Quantum, Clean energy

Are breakouts likely to work: Maybe

Are breakdowns likely to work: Extended stocks

Should I be trading: Not looking to add any exposure at the moment unless exceptional CAT

Overall market: Bearish phase

Short term market: Money entering the market – high buying pressure yesterday

TC2000 McClellan: Neutral 20

Stocks above 40PMA: 39%

Seasonality: Typically strong

1%+ sectors yesterday:

• $TAN 4.90%
• $SMH 3.07%
• $XLK 2.56%
• $HACK 1.61%
• $XLY 1.31%
• $IBB 1.15%
• $XTL 1.02%

1%- sectors yesterday:

• None

Main sectors monthly trailing:

• Leading – $IBB $XLE
• Lagging – $XLB $XLP

Sub sectors monthly trailing:

• Leading – $TAN $SMH
• Lagging – $KRE $HACK

Bitcoin: Under the 200sma at 105k’ish

Themes: AI, Nuclear, Crypto, Semis, Memory, Data centres, Quantum, Clean energy

Are breakouts likely to work: Maybe

Are breakdowns likely to work: Extended stocks

Should I be trading: Not looking to add any exposure unless exceptional CAT

Overall market: Bearish

Short term market: Money entering the market – high buying pressure on Friday

TC2000 McClellan: Neutral -4

Stocks above 40PMA: 36%

Seasonality: Strongest 6 months typically start around now

1%+ sectors Friday:

• $SMH 2.54%
• $JETS 2.19%
• $XLK 1.84%
• $XLP 1.47%
• $XLU 1.39%
• $IYT 1.38%
• $XLB 1.20%

1%- sectors yesterday:

• None

Main sectors monthly trailing:

• Leading – $IBB $XLE
• Lagging – $XLB $XLP

Sub sectors monthly trailing:

• Leading – $TAN $SMH
• Lagging – $KRE $HACK

Bitcoin: Under the 200sma at 106k’ish

Themes: AI, Nuclear, Crypto, Semis, Memory, Data centres, Quantum, Clean energy

Are breakouts likely to work: Maybe

Are breakdowns likely to work: Extended stocks

Should I be trading: Market had a flush on Friday and now trying to bounce, could be a bounce in a bigger move down or back to test ATH’s running into Christmas. Will see how things play out before taking any more positions.

Overall market: Bearish

Short term market: Money leaving the market

TC2000 McClellan: Neutral -50

Stocks above 40PMA: 31%

Seasonality: Strongest 6 months typically start around now

1%+ sectors yesterday:

• None

1%- sectors yesterday:

• $XTL -3.12%
• $XLY -2.31%
• $TAN -2.03%
• $JETS -1.48%
• $RTH -1.13%

Main sectors monthly trailing:

• Leading – $IBB $XLV
• Lagging – $XLB $XLP

Sub sectors monthly trailing:

• Leading – $TAN $SMH
• Lagging – $KRE $HACK

Bitcoin: Under the 200sma at 101k’ish

Themes: AI, Nuclear, Crypto, Semis, Memory, Data centres, Quantum, Clean energy

Are breakouts likely to work: No

Are breakdowns likely to work: Yes

Should I be trading: No, market still being sold and doesn’t feel like mass panic, although number of stocks down 20% recorded over 100 which is considered bullish

Overall market: Neutral

Short term market: Neutral

TC2000 McClellan: Neutral -17

Stocks above 40PMA: 33%

Seasonality: Strongest 6 months typically start around now

1%+ sectors yesterday:

• $TAN 6.99%
• $JETS 4.50%
• $SMH 1.91%
• $XTL 1.87%
• $IBB 1.43%
• $KRE 1.24%
• $XLY 1.22%

1%- sectors yesterday:

• $TLT -1.09%

Main sectors monthly trailing:

• Leading – $IBB $XLK
• Lagging – $XLB $XLE

Sub sectors monthly trailing:

• Leading – $TAN $SMH
• Lagging – $KRE $HACK

Bitcoin: Under the 200sma at 103k’ish

Themes: AI, Nuclear, Crypto, Semis, Memory, Data centres, Quantum, Clean energy

Are breakouts likely to work: No

Are breakdowns likely to work: Extended stocks

Should I be trading: No, in neutral to bearish territory no edge in current market

Overall market: Bearish phase

Short term market: Money leaving the market (very high selling pressure)

TC2000 McClellan: Neutral -61

Stocks above 40PMA: 28%

Seasonality: Strongest 6 months typically starts now

1%+ sectors yesterday:

• None

1%- sectors yesterday:

• $XTL -3.37%
• $JETS -3.31%
• $HACK -2.56%
• $TAN -2.46%
• $XLY -1.66%
• $IYT -1.37%
• $XLI -1.16%

Main sectors monthly trailing:

• Leading – $IBB $XLK
• Lagging – $XLB $XLF

Sub sectors monthly trailing:

• Leading – $SMH $TAN
• Lagging – $KRE $JETS

Bitcoin: Under the 200sma at 102k’ish

Themes: AI, Nuclear, Crypto, Semis, Memory, Data centres, Quantum

Are breakouts likely to work: No

Are breakdowns likely to work: Yes

Should I be trading: No, big breadth thrust to the downside & 1st bearish phase since May, wait for things to settle or an extreme flush.

Overall market: Bullish phase

Short term market: Money leaving the market (starting to cluster)

TC2000 McClellan: Neutral -36

Stocks above 40PMA: 31%

Seasonality: Strongest 6 months typically starts now

1%+ sectors yesterday:

• None

1%- sectors yesterday:

• $XTL -1.76%
• $IBB -1.20%

Main sectors monthly trailing:

• Leading – $IBB $XLK
• Lagging – $XLB $XLP

Sub sectors monthly trailing:

• Leading – $SMH $TAN
• Lagging – $KRE $HACK

Bitcoin: Under the 200sma at 104k’ish

Themes: AI, Nuclear, Crypto, Semis, Memory, Data centres, Quantum

Are breakouts likely to work: No

Are breakdowns likely to work: Yes

Should I be trading: Choppy conditions expected for remainder of earnings season so will be highly selective if taking any new longs.