Overall market trend: Bullish phase – day 22
Yesterdays market: High buying pressure & high selling pressure
TC2000 McClellan: -32
Stocks above 40PMA: 53%
VIX: 18
52 week highs (US common stocks): 280
Seasonality: May is typically a weaker month
Indices:
$QQQ: Uptrend
$IWM: Uptrend
$SPY: Uptrend
$DIA: Uptrend
$BTC: Uptrend
$SQQQ: Downtrend
$UVIX: No trend
$TLT No trend
1%+ sectors yesterday:
- $XLE +2.64%
- $XTL +2.24%
- $TAN +1.79%
- $SMH +1.72%
- $XLK +1.34%
- $XLB +1.30%
- $XLI +1.06%
1%- sectors yesterday:
- $JETS -3.17%
- $KRE -1.86%
- $RTH -1.68%
Main sectors monthly trailing:
- Leading – $XLE $XLK
- Lagging – $IBB $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 