Overall market trend: Bullish phase – day 1
Yesterdays market: Money entering the market – Very high buying pressure
TC2000 McClellan: 108 high end of range
Stocks above 40PMA: 50%
VIX: 19
Seasonality: April is typically a strong month
Indices:
$QQQ: Uptrend
$SQQQ: Downtrend
$IWM: Uptrend
$SPY: Uptrend
$DIA: Uptrend
1%+ sectors yesterday:
- $IGV +5.40%
- $HACK +4.37%
- $XLK +2.10%
- $XLF +1.75%
- $IBB +1.66%
- $SMH +1.48%
1%- sectors yesterday:
- $XLU -1.21%
- $XLP -1.00 %
Main sectors monthly trailing:
- Leading – $XLF $XLK
- Lagging – $XLV $XLP
Sub sectors monthly trailing:
- Leading – $SMH $KRE
- Lagging – $IGV $HACK
Bitcoin: Under the 200sma at 75k ish
Themes: Semis, Tech, Comms, Financials
Are breakouts likely to work for the next 3 – 5 days: Yes
Are breakdowns likely to work for the next 3 – 5 days: No
Should I be trading: Yes, start of earnings season and 1st day moving into a new bullish phase. EP & Sugarbabys.
Stock goat 