Overall market: Bearish phase

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

TC2000 McClellan: Neutral zone 65

Stocks above 40PMA: 46%

Seasonality: Typically strong

1%+ sectors yesterday:

• $KRE +2.84%
• $JETS +2.80%
• $XLV +2.26%
• $RTH+2.17%
• $XLY +2.14%
• $IYT +1.81%
• $HACK +1.80%
• $IBB +1.54%
• $XLB +1.49%
• $XLP +1.38%
• $TAN +1.33%
• $XLI +1.28%
• $XTL +1.26%
• $XLF +1.25%

1%- sectors yesterday:

• None

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 88k ish

Themes: Biotech, Healthcare, Quality earnings

Are breakouts likely to work: CATs

Are breakdowns likely to work: No

Should I be trading: Yes but cautionary after 3 day rally. EP9s with quality CATs. $SPY & $QQQ back above 50sma.

Overall market: Bearish phase

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

TC2000 McClellan: Neutral zone -2

Stocks above 40PMA: 37%

Seasonality: Typically strong

1%+ sectors yesterday:

• $XTL +4.70%
• $SMH +3.98%
• $XLK +2.38%
• $JETS +2.04%
• $HACK +1.76%
• $XLY +1.33%
• $IBB +1.31%
• $XLU +1.13%
• $TAN +1.13%

1%- sectors yesterday:

• $XLP -1.16%

Main sectors monthly trailing:

• Leading – $IBB $XLV
• Lagging – $XLY $XLK

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 88k ish

Themes: Biotech, Healthcare

Are breakouts likely to work: Maybe

Are breakdowns likely to work: Maybe

Should I be trading: Markets followed through from Fridays bullish day no need to rush any new trades will let them come to me as market sorts itself out.

Overall market: Bearish phase

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

TC2000 McClellan: Neutral -18

Stocks above 40PMA: 35%

Seasonality: Typically strong but very weak currently

1%+ sectors Friday:

• $JETS +3.51%
• $KRE +3.39%
• $IYT +2.77%
• $XLB +2.24%
• $XTL +2.12%
• $XLV +2.11%
• $IBB +2.00%
• $XLY +1.96%
• $RTH +1.75%
• $XLI +1.22%
• $XLF +1.10%
• $XLP +1.09%

1%- sectors Friday:

• None

Main sectors monthly trailing:

• Leading – $IBB $XLV
• Lagging – $XLY $XLK

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 86k ish

Themes: Biotech, Healthcare

Are breakouts likely to work: No

Are breakdowns likely to work: Maybe

Should I be trading: Markets put in a bullish day Friday so bounce may continue of a few days so will be keeping an eye on Sugababy reversals.

Overall market: Bearish phase

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

TC2000 McClellan: Oversold zone -101

Stocks above 40PMA: 25%

Seasonality: Typically strong but very weak currently

1%+ sectors yesterday:

• None

1%- sectors yesterday:

• $XTL -4.64%
• $SMH -4.22%
• $TAN -4.12%
• $XLK -3.14%
• $IYT -2.28%
• $HACK -2.19%
• $XLI -1.68%
• $JETS -1.54%
• $XLB -1.49%
• $XLY -1.49%
• $XLE -1.13%

Main sectors monthly trailing:

• Leading – $IBB $XLV
• Lagging – $XLY $XLK

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 84k ish

Themes: Biotech, Healthcare

Are breakouts likely to work: No

Are breakdowns likely to work: Yes

Should I be trading: No, good $NVDA earnings caused markets to rise early but then quickly sold off to form outside bearish days in the indices.

Overall market: Bearish phase

Short term market: Neutral

TC2000 McClellan: Neutral -66

Stocks above 40PMA: 29%

Seasonality: Typically strong but very weak currently

1%+ sectors yesterday:

• $SMH +1.85%
• $KRE +1.06%

1%- sectors yesterday:

• $XLE -1.30%
• $TAN -1.24%

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 92k 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, will see how the markets react to the positive $NVDA earnings, will be a good tell as to where we are.

Overall market: Bearish phase

Short term market: Neutral

TC2000 McClellan: Neutral -57

Stocks above 40PMA: 30%

Seasonality: Typically strong but very weak

1%+ sectors yesterday:

• None

1%- sectors yesterday:

• $SMH -2.06%
• $XLY -1.85%
• $RTH -1.70%
• $XLK -1.63%
• $TAN -1.11%

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 92k 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, main indices under 50sma breadth weak

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