Overall market trend: Bullish phase – day 23
Yesterdays market: Money leaving the market – normal selling pressure
TC2000 McClellan: -46
Stocks above 40PMA: 51%
VIX: 18
52 week highs (US common stocks): 258
Seasonality: May is typically a weaker month
Indices:
$QQQ: Uptrend
$IWM: Uptrend
$SPY: Uptrend
$DIA: Uptrend
$BTC: Uptrend
$SQQQ: Downtrend
$UVIX: No trend
$TLT Downtrend
1%+ sectors yesterday:
- $XLV +1.96%
- $IBB +1.34%
- $XLP +1.28%
1%- sectors yesterday:
- $SMH -2.61%
- $TAN -2.22%
- $IGV -1.38%
- $JETS -1.28%
- $HACK -1.24%
Main sectors monthly trailing:
- Leading – $XLP $XLK
- Lagging – $IBB $XLU
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: No
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: Extended stocks
Should I be trading: Yes following trade plan
Stock goat 