Overall market trend: Bullish phase – day 12
Yesterdays market: Money leaving the market – Normal selling pressure
TC2000 McClellan: 25
Stocks above 40PMA: 61%
VIX: 18
52 week highs: 39
Seasonality: April is typically a strong month
Indices:
$QQQ: Uptrend
$IWM: Uptrend
$SPY: Uptrend
$DIA: Uptrend
$BTC: No trend
$SQQQ: Downtrend
$UVIX: Downtrend
$TLT Downtrend
1%+ sectors yesterday:
- $XLE +1.66%
1%- sectors yesterday:
- $SMH -2.97%
- $XTL -2.35%
- $TAN -1.82%
- $XLK -1.69%
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, but check any new longs if likely impacted by MAG7 reporting tonight and if so avoid until after reports.
Stock goat 