Overall market trend: Bullish phase – day 21
Fridays market: Money entering the market – High buying pressure
TC2000 McClellan: -4
Stocks above 40PMA: 57%
VIX: 17
52 week highs (US common stocks): 353
Seasonality: May is typically a weaker month
Indices:
$QQQ: Uptrend
$IWM: Uptrend
$SPY: Uptrend
$DIA: Uptrend
$BTC: Uptrend
$SQQQ: Downtrend
$UVIX: Downtrend
$TLT No trend
1%+ sectors Friday:
- $SMH +4.90%
- $TAN +3.65%
- $XLK +3.44%
- $HACK +1.07%
1%- sectors Friday:
- None
Main sectors monthly trailing:
- Leading – $XLP $XLK
- Lagging – $XLU $XLV
Sub sectors monthly trailing:
- Leading – $SMH $IGV
- Lagging – $TLT $KRE
Bitcoin: Under the 200sma at 81k ish
Themes: Tech, Semis, AI, Robotics
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 