Overall market trend: Bearish phase
Yesterdays market: Money leaving the market – Normal normal pressure
TC2000 McClellan: 76 high end of range
Stocks above 40PMA: 45%
VIX: 19
Seasonality: April is typically a strong month
Indices:
$QQQ: Uptrend
$SQQQ: Downtrend
$IWM: Uptrend
$SPY: Uptrend
$DIA: Uptrend
1%+ sectors Friday:
- $SMH +1.53%
1%- sectors Friday:
- $HACK -4.85%
- $IGV -2.57%
- $IBB -1.62%
- $XLV -1.35%
- $KRE -1.30%
- $XLP -1.29%
- $XLF -1.09%
Main sectors monthly trailing:
- Leading – $XLB $XLE
- Lagging – $XLV $XLP
Sub sectors monthly trailing:
- Leading – $SMH $KRE
- Lagging – $IGV $HACK
Bitcoin: Under the 200sma at 71k 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: Extended & stocks breaking down
Should I be trading: Yes, start of earnings season, EPs & WSS
Stock goat 