Overall market trend: Bullish phase – day 9
Yesterdays market: Money leaving the market – High selling pressure
TC2000 McClellan: 43
Stocks above 40PMA: 59%
VIX: 19
Seasonality: April is typically a strong month
Indices:
$QQQ: Uptrend
$IWM: Uptrend
$SPY: Uptrend
$DIA: Uptrend
$BTC: Uptrend
$SQQQ: Downtrend
$UVIX: Downtrend
$TLT Downtrend
1%+ sectors yesterday:
- $TAN +2.75%
- $XLU +2.72%
- $XLI +1.77%
- $IYT +1.72%
- $XLP +1.67%
- $XLE +1.20%
- $KRE +1.08%
- $SMH +1.05%
1%- sectors yesterday:
- $IGV -5.83%
- $HACK -3.60%
- $IBB -1.62%
- $XLK -1.42%
- $XLY -1.00%
Main sectors monthly trailing:
- Leading – $XLB $XLK
- Lagging – $XLE $XLU
Sub sectors monthly trailing:
- Leading – $SMH $IYT
- Lagging – $IGV $HACK
Bitcoin: Under the 200sma at 78k ish
Themes: Semis, Tech, Metals, Materials
Are breakouts likely to work for the next 3 – 5 days: From tight setups, market due a pullback, strong stocks may just consolidate
Are breakdowns likely to work for the next 3 – 5 days: War related & bear flags
Should I be trading: Yes, EPs WSS SoS
Stock goat 