Overall market: Bullish phase

Short term market: Money leaving the market

TC2000 McClellan: Neutral -27

Stocks above 40PMA: 47% (-1%)

Seasonality: Typically choppy until end of Oct

1%+ sectors yesterday:

• None

1%- sectors yesterday:

• $JETS -1.60%

Main sectors monthly trailing:

• Leading – $XLK $IBB ($IBB replaces $XLY)
• Lagging – $XLB $XLP (no change)

Sub sectors monthly trailing:

• Leading – $SMH $TAN (no change)
• Lagging – $JETS $KRE (no change)

Are breakouts likely to work: EP9 will be focus

Are breakdowns likely to work: Short 1 – 2 days may work

Should I be trading: Top EP9’s only

Overall market: Bullish phase

Short term market: Money entering the market

TC2000 McClellan: Neutral -38

Stocks above 40PMA: 48% (-3%)

Seasonality: Typically fairly weak until the end of October

1%+ sectors yesterday:

• $IBB 1.03%

1%- sectors yesterday:

• $XLE -1.84%

Main sectors monthly trailing:

• Leading – $XLK $XLY ($XLY replaces $XLE)
• Lagging – $XLB $XLP (no change)

Sub sectors monthly trailing:

• Leading – $SMH $TAN (no change)
• Lagging – $JETS $KRE (no change)

Are breakouts likely to work: EP9 will be focus

Are breakdowns likely to work: Quick scalps nothing longer term

Should I be trading: Top EP9’s only

Overall market: Bullish phase

Short term market: Money entering the market

TC2000 McClellan: Neutral -30

Stocks above 40PMA: 51%

Seasonality: Typically fairly weak until the end of October

1%+ sectors Friday:

• $XLU 1.63%
• $XLY 1.48%
• $IBB 1.36%
• $XLB 1.16%
• $XLV 1.02%

1%- sectors Friday:

• None

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

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

Are breakouts working: Mixed

Are breakdowns working: Mixed

Should I be trading: Trade according to plan taking only the best trades.

Overall market: Bullish phase

Short term market: Money leaving the market

TC2000 McClellan: Deteriorating -87

Stocks above 40PMA: 46% (-6%)

Seasonality: Weak, this week is typically one of the weakest weeks in the year.

1%+ sectors yesterday:

• None

1%- sectors yesterday:

• $IBB -1.81%
• $XLY -1.41%
• $XLB -1.30%

Main sectors monthly trailing:

• Leading – $XLK $XLE ($XLE replaces $XLY)
• Lagging – $XLB $XLP (no change)

Sub sectors monthly trailing:

• Leading – $SMH $TAN ($TAN replaces $HACK)
• Lagging – $JETS $KRE ($KRE replaces $IYT)

Are breakouts likely to work: No

Are breakdowns likely to work: Quick 1 day shorts probably

Should I be trading: Typically for my style no

Overall market: Bullish phase

Short term market: Money coming in to the market

TC2000 McClellan: Neutral -52

Stocks above 40PMA: 52% (-1%)

Seasonality: Weak, this week is typically one of the weakest weeks in the year.

1%+ sectors yesterday:

• $TAN +2.31%
• $XLE +1.30%

1%- sectors yesterday:

• $XTL -1.96%
• $JETS -1.36%
• $XLB -1.22%

Main sectors monthly trailing:

• Leading – $XLK $XLY (no change)
• Lagging – $XLP $XLB (no change)

Sub sectors monthly trailing:

• Leading – $SMH $HACK (no change)
• Lagging – $IYT $JETS

Are breakouts likely to work: Mixed

Are breakdowns likely to work: Mixed

Should I be trading: I would only take outstanding setups this week based on seasonality

Overall market: Bullish phase

Short term market: Money coming in to the market

TC2000 McClellan: Neutral -34

Stocks above 40PMA: 54% (+1%)

Seasonality: Weak, this week is typically one of the weakest weeks in the year.

1%+ sectors yesterday:

• None

1%- sectors yesterday:

• $TAN -3.46%
• $HACK -1.04%

Main sectors monthly trailing:

• Leading – $XLK $XLY (no change)
• Lagging – $XLP $XLB ($XLU replaced by $XLB)

Sub sectors monthly trailing:

• Leading – $SMH $HACK (no change)
• Lagging – $JETS $IYT $ ($RTH replaced by $JETS)

Are breakouts likely to work: Mixed

Are breakdowns likely to work: Mixed

Should I be trading: I would only take outstanding setups this week based on seasonality

Overall market: Bullish phase

Short term market: Money coming in to the market

TC2000 McClellan: Neutral -33

Stocks above 40PMA: 53% (-1%)

Seasonality: Weak, this week is typically one of the weakest weeks in the year.

1%+ sectors yesterday:

• $TAN – 1.67%

1%- sectors yesterday:

• None

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

• Leading – $SMH $HACK (Replaced $TAN $KRE)
• Lagging – $RTH $IYT ($JETS replaced by $RTH)

Are breakouts likely to work: Mixed

Are breakdowns likely to work: Mixed

Should I be trading: I would only take outstanding setups this week based on seasonality

Overall market: Bullish phase

Short term market: Money leaving the market

TC2000 McClellan: Neutral -37

Stocks above 40PMA: 54%

Seasonality: Weak, this week is typically one of the weakest weeks in the year

1%+ sectors Friday:

• $XLK – 1.01%

1%- sectors Friday:

• $XLE -1.33%
• $KRE -1.25%

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

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

Are breakouts working: Mixed

Are breakdowns working: Mixed

Should I be trading: Trade according to plan taking only the best trades. Crypto getting hit so far today suggesting maybe moving risk off for this typically weak week.

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.