SA 07/04/2026

Overall market trend: Bearish phase

Yesterdays market: Money entering the market – Normal buying pressure

TC2000 McClellan: 62

Stocks above 40PMA: 31%

VIX: 24

Seasonality: April is typically a strong month

Indices:

$QQQ: No trend

$SQQQ: No trend

$IWM: Uptrend

$SPY: No trend

$DIA: Uptrend

1%+ sectors yesterday:

  • None

1%- sectors yesterday:

  • $TAN -1.26%

Main sectors monthly trailing:

  • Leading – $XLE $XLK
  • Lagging – $XLI $XLV

Sub sectors monthly trailing:

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

Bitcoin: Under the 200sma at 69k ish

Themes: Semis, Tech, Comms, Financials

Are breakouts likely to work for the next 3 – 5 days: Catalyst stocks

Are breakdowns likely to work for the next 3 – 5 days: Probably

Should I be trading: EPs & WSS

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