Overall market: Bullish phase

Short term market: Neutral

TC2000 McClellan: Neutral -38

Stocks above 40PMA: 54% (-1%)

Seasonality: Weak, September typically weakest of the year, especially 2nd half, next week is typically one of the weakest weeks in the year

1%+ sectors yesterday:

• $KRE – 1.19%

1%- sectors yesterday:

• $IYT -1.34%

Main sectors monthly trailing:

• Leading – $XLY $XLE (no change)
• Lagging – $XLP $XLU (no change)

Sub sectors monthly trailing:

• Leading – $TAN $KRE ($TLT replaced by $KRE)
• Lagging – $IYT $JETS

Are breakouts working: Mixed

Are breakdowns working: Mixed

Should I be trading: FOMC cut rates by the expected 0.25% no fireworks as priced in. Trade according to plan.

Overall market: Bullish phase

Short term market: Money coming in

TC2000 McClellan: Neutral -41

Stocks above 40PMA: 55% (-2%)

Seasonality: Weak, September typically weakest of the year, especially 2nd half

1%+ sectors yesterday:

• none

1%- sectors yesterday:

• $XLU -1.82%
• $XTL -1.05%

Main sectors monthly trailing:

• Leading – $XLY $XLE (no change)
• Lagging – $XLP $XLU (no change)

Sub sectors monthly trailing:

• Leading – $TAN $TLT ($JETS replaced by $TLT)
• Lagging – $JETS $IYT ($RTH replaced by $JETS & $TLT replaced by $IYT)

Are breakouts working: Mixed

Are breakdowns working: Mixed

Should I be trading: FOMC today market likely quiet until the outcome of the meeting. Expected 0.25% interest cut, already priced in so the commentary will probably drive the markets eg. expecting X amount of rate cuts for the rest of 2025.

Overall market: Bullish phase

Short term market: Money coming in

TC2000 McClellan: Neutral -22

Stocks above 40PMA: 57% (-1%)

Seasonality: Weak, September typically weakest of the year, especially 2nd half

1%+ sectors yesterday:

• $XTL 1.87%
• $TAN 1.36%

1%- sectors yesterday:

• $XLP -1.15%

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

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

Are breakouts working: Mixed

Are breakdowns working: Mixed

Should I be trading: Fed day tomorrow market likely quiet until the outcome of the meeting. Expected 0.25% interest cut, already priced in so the commentary will probably drive the markets eg. expecting X amount of rate cuts for the rest of 2025.

Catching up after a weeks holiday.

Overall market: Bullish phase

Short term market: Money coming in

TC2000 McClellan: Neutral -23

Stocks above 40PMA: 58%

Seasonality: Weak, September typically weakest of the year, especially 2nd half.

However its been strong so far. See how we go now entering the 2nd half.

1%+ sectors Fridays close:

• None

1%- sectors Fridays close:

• $IBB -1.96%
• $XTL -1.82%
• $XLV -1.15%
• $XLB -1%

Leading sectors month trailing:

• Main – $XLY $XLE
• Sub – $TAN $KRE

Lagging sectors month trailing:

• Main – $XLU $XLI
• Sub – $IYT $SMH

Are breakouts working: Mixed

Are breakdowns working: Mixed

Should I be trading: Selective trades with strong catalyst & volume.

Overall market: Bullish phase

Short term market: Money coming in

TC2000 McClellan: Neutral 12

Stocks above 40PMA: 60% (+4%)

Seasonality: Weak, September typically weakest of the year, especially 2nd half

1%+ sectors yesterday:

• $XLY 1.8%
• $XLI 1.1%
• $XLS 1.0%

Weakest sector yesterday: $XLU

Leading sectors month trailing:

• Main – $IBB $XLY (no change)
• Sub – $TAN $JETS (no change)

Lagging sectors month trailing:

• Main – $XLU $XLI ($XLK replaced by $XLU)
• Sub – $HACK $IYT ($SMH replaced by $IYT)

Are breakouts working: No

Are breakdowns working: No

Should I be trading: No, no follow through long or short.