Overall market trend: Bullish phase – day 3
Yesterdays market: Money entering the market – High buying pressure
TC2000 McClellan: 99 high end of range
Stocks above 40PMA: 54%
VIX: 18
Seasonality: April is typically a strong month
Indices:
$QQQ: Uptrend
$IWM: Uptrend
$SPY: Uptrend
$DIA: Uptrend
$SQQQ: Downtrend
$UVIX: Downtrend
1%+ sectors yesterday:
- $JIGV +4.40%
- $HACK +3.36%
- $XLK +1.60%
- $XLY +1.49%
1%- sectors yesterday:
- $XLI -1.25%
- $XLB -1.21%
Main sectors monthly trailing:
- Leading – $XLF $XLK
- Lagging – $XLE $XLP
Sub sectors monthly trailing:
- Leading – $SMH $JETS
- Lagging – $IGV $HACK
Bitcoin: Under the 200sma at 75k ish
Themes: Semis, Tech, Financials
Are breakouts likely to work for the next 3 – 5 days: Yes but expect some backfill / consolidation
Are breakdowns likely to work for the next 3 – 5 days: No, unless war related
Should I be trading: Yes, but stocks up +20% in 5 days is at 100, anything over 100 is considered frothy so expect some kind of pullback
Stock goat 