Overall market trend: Bullish phase – day 10
Yesterdays market: Money coming into the market – Normal buying pressure
TC2000 McClellan: 35
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: No trend
$TLT No trend
1%+ sectors Friday:
- $SMH +5.10%
- $XLK +2.81%
- $IGV +1.95%
- $JETS +1.09%
1%- sectors yesterday:
- $KRE -1.59%
- $XLV -1.41%
- $IBB -1.02%
Main sectors monthly trailing:
- Leading – $XLY $XLK
- Lagging – $XLE $XLV
Sub sectors monthly trailing:
- Leading – $SMH $IYT
- Lagging – $TLT $HACK
Bitcoin: Under the 200sma at 78k ish
Themes: Tech, Semis, Transports
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, lots of the MAG7 report this week so will likely dictate direction, see if good earnings get rewarded or sold.
Stock goat 