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