Overall market trend: Bearish phase
Yesterdays market: Money entering the market – Normal buying pressure
TC2000 McClellan: 28
Stocks above 40PMA: 25%
VIX: 25
Seasonality: April is typically a strong month
Indices:
$QQQ: No trend
$SQQQ: No trend
$IWM: No trend
$SPY: No trend
$DIA: No trend
1%+ sectors yesterday:
- $JETS +2.60%
- $SMH +2.24%
- $XLI +1.67%
- $XLK +1.51%
- $HACK +1.44%
- $XTL +1.40%
- $KRE +1.07%
- $TAN +1.01%
1%- sectors yesterday:
- $XLE -3.74%
Main sectors monthly trailing:
- Leading – $XLE $IBB
- Lagging – $XLI $XLP
Sub sectors monthly trailing:
- Leading – $HACK $TAN
- Lagging – $JETS $IYT
Bitcoin: Under the 200sma at 67k ish
Themes: Semis, Tech, Comms, Financials
Are breakouts likely to work for the next 3 – 5 days: Maybe
Are breakdowns likely to work for the next 3 – 5 days: Probably
Should I be trading: Futures sold off overnight on Trump Iran news, now we can see if the lows hold or we carry on down
Stock goat 