Overall market trend: Bullish phase – day 18
Yesterdays market: Money entering the market – High buying pressure
TC2000 McClellan: 2
Stocks above 40PMA: 57%
VIX: 17
52 week highs (US common stocks): 330
Seasonality: May is typically a weaker month
Indices:
$QQQ: Uptrend
$IWM: Uptrend
$SPY: Uptrend
$DIA: No trend
$BTC: Uptrend
$SQQQ: Downtrend
$UVIX: Downtrend
$TLT Downtrend
1%+ sectors yesterday:
- $TAN +3.99%
- $SMH +3.14%
- $JETS +2.52%
- $XLK +2.21%
- $HACK +2.07%
- $XLB +1.74%
- $HACK +1.60%
- $IYT +1.55%
- $KRE +1.35%
1%- sectors yesterday:
- None
Main sectors monthly trailing:
- Leading – $XLY $XLK
- Lagging – $XLU $XLV
Sub sectors monthly trailing:
- Leading – $SMH $TAN
- Lagging – $TLT $JETS
Bitcoin: Under the 200sma at 81k ish
Themes: Tech, Semis, AI, Robotics, Energy
Are breakouts working: Yes
Are breakouts likely to work for the next 3 – 5 days: 20% study elevated over 100 so expecting a pullback in the coming days
Are breakdowns likely to work for the next 3 – 5 days: No
Should I be trading: Yes following trade plan
Stock goat 