Overall market trend: Bullish phase – day 11
Yesterdays market: Money coming into the market – Normal buying pressure
TC2000 McClellan: 36
Stocks above 40PMA: 60%
VIX: 18
Seasonality: April is typically a strong month
Indices:
$QQQ: Uptrend
$IWM: Uptrend
$SPY: Uptrend
$DIA: Uptrend
$BTC: No trend
$SQQQ: Downtrend
$UVIX: No trend
$TLT No trend
1%+ sectors yesterday:
- $KRE +1.71%
- $HACK +1.09%
1%- sectors yesterday:
- $JETS -1.81%
- $XTL -1.58%
- $XLP -1.07%
Main sectors monthly trailing:
- Leading – $XLY $XLK
- Lagging – $XLE $XLV
Sub sectors monthly trailing:
- Leading – $SMH $IYT
- Lagging – $TLT $JETS
Bitcoin: Under the 200sma at 77k ish
Themes: Tech, Semis, Transports, AI, Robotics
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.
Last Updated on April 30, 2026 by PeteStilgoe