Overall market trend: Bullish phase – day 5
Fridays market: Money entering the market – Very high buying pressure
TC2000 McClellan: 126 high end of range
Stocks above 40PMA: 63%
VIX: 20
Seasonality: April is typically a strong month
Indices:
$QQQ: Uptrend
$IWM: Uptrend
$SPY: Uptrend
$DIA: Uptrend
$BTC: Uptrend
$SQQQ: Downtrend
$UVIX: Downtrend
1%+ sectors Friday:
- $JETS +4.84%
- $XLY +2.36%
- $KRE +2.24%
- $SMH +2.06%
- $IYT +1.90%
- $XLI +1.87%
- $RTH +1.71%
- $XLK +1.53%
- $XLV +1.49%
- $IBB +1.46%
- $XPL +1.26%
- $TAN +1.17%
- $XTL +1.04%
- $HACK +1.03%
1%- sectors Friday:
- $XLE -2.76%
Main sectors monthly trailing:
- Leading – $XLY $XLK
- Lagging – $XLE $XLP
Sub sectors monthly trailing:
- Leading – $SMH $JETS
- Lagging – $TLT $TAN
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 171, anything over 100 is considered frothy so expect some kind of pullback
Stock goat 