Overall market trend: Bearish phase
Yesterdays market: Money leaving the market – Normal selling pressure
TC2000 McClellan: 50
Stocks above 40PMA: 32%
VIX: 26
Seasonality: April is typically a strong month
Indices:
$QQQ: No trend
$SQQQ: Downtrend
$IWM: Uptrend
$SPY: Uptrend
$DIA: Uptrend
1%+ sectors yesterday:
- $XTL +1.56%
- $HACK +1.47%
1%- sectors yesterday:
- $XLP -1.69%
- $TAN -1.27%
- $XLY -1.16%
Main sectors monthly trailing:
- Leading – $XLE $IBB
- Lagging – $XLY $XLP
Sub sectors monthly trailing:
- Leading – $HACK $SMH
- Lagging – $JETS $IYT
Bitcoin: Under the 200sma at 72k ish
Themes: Semis, Tech, Comms, Financials
Are breakouts likely to work for the next 3 – 5 days: Catalyst based
Are breakdowns likely to work for the next 3 – 5 days: No, +20% in last 5 days is frothy, so more suited to scalping as opposed to 3 – 5 day shorts.
Should I be trading: EPs & WSS
Stock goat 