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.

Overall market: Bullish phase

Short term market: Money entering the market

TC2000 McClellan: Neutral -31

Stocks above 40PMA: 32%

Seasonality: Strongest 6 months starts now

1%+ sectors Friday:

• $TAN 2.91%
• $XLY 2.64%
• $HACK 1.75%
• $JETS 1.61%
• $RTH 1.49%
• $IBB 1.32%
• $IYT 1.20%
• $XTL 1.08%

1%- sectors Friday:

• $TAN -1.79%
• $XLB -1.34%
• $JETS -1.18%

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 107k’ish

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

Are breakouts likely to work: No

Are breakdowns likely to work: Extended stocks

Should I be trading: Choppy conditions expected for remainder of earnings season so will be highly selective

Overall market: Bullish phase

Short term market: Money leaving the market

TC2000 McClellan: Neutral -51

Stocks above 40PMA: 31%

Seasonality: Typically choppy until the end of Oct, last day of the month

1%+ sectors yesterday:

• $XLY 2.87%

1%- sectors yesterday:

• $TAN -1.79%
• $XLB -1.34%
• $JETS -1.18%

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

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

Bitcoin: At the 200sma at 110k’ish

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

Are breakouts likely to work: No

Are breakdowns likely to work: Extended stocks

Should I be trading: Not looking to add any exposure today based on choppy conditions and last day of the month going into the weekend

Overall market: Bullish phase

Short term market: Money leaving the market

TC2000 McClellan: Neutral -28

Stocks above 40PMA: 33%

Seasonality: Typically choppy until the end of Oct

1%+ sectors yesterday:

• None

1%- sectors yesterday:

• $HACK -3.17%
• $RTH -1.15%
• XLB -1.96%

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

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

Bitcoin: Above 200sma at 111k’ish

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

Are breakouts likely to work: Choppy

Are breakdowns likely to work: Extended stocks

Should I be trading: Strong cat EP9’s, probably remain choppy until big tech earnings released Weds & Thurs

Overall market: Bullish phase

Short term market: Money leaving the market

TC2000 McClellan: Neutral 18

Stocks above 40PMA: 39%

Seasonality: Typically choppy until the end of Oct

1%+ sectors yesterday:

• None

1%- sectors yesterday:

• $JETS -3.14%
• $XLU -1.65%
• $XLE -1.04%
• XLP -1.00%

Main sectors monthly trailing:

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

Sub sectors monthly trailing:

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

Bitcoin: Above 200sma at 113k’ish

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

Are breakouts likely to work: Cats Ep9s

Are breakdowns likely to work: Scalping extended stocks

Should I be trading: Strong cat EP9’s, probably remain choppy until big tech earnings released Weds & Thurs