Overall market trend: Bearish phase
Yesterdays market: Money entering the market – Normal buying pressure
TC2000 McClellan: -57
Stocks above 40PMA: 21%
Seasonality: Later March typically stronger than Feb in mid term year
Indices:
$QQQ: Downtrend
$SQQQ: Uptrend
$IWM: Downtrend
$SPY: Downtrend
$DIA: Downtrend
1%+ sectors yesterday:
- $JETS +3.49%
- $XTL +3.05%
- $XLY +2.21%
- $HACK +2.09%
- $SMH +1.72%
- $IYT +1.45%
- $XLK +1.23%
- $KRE +1.22%
- $RTH +1.22%
- $XLB +1.21%
1%- sectors yesterday:
- None
Main sectors monthly trailing:
- Leading – $XLE $XLK
- Lagging – $XLV $XLB
Sub sectors monthly trailing:
- Leading – $HACK $TLT
- Lagging – $JETS $KRE
Bitcoin: Under the 200sma at 71k ish
Themes: Energy, Semis, Tech
Are breakouts likely to work for the next 3 – 5 days: No
Are breakdowns likely to work for the next 3 – 5 days: Probably
Should I be trading: WSS & EP’s only