Overall market trend: Bullish phase – day 24
Yesterdays market: Money leaving the market – High selling pressure
TC2000 McClellan: -68
Stocks above 40PMA: 46%
VIX: 18
52 week highs (US common stocks): 298
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:
- $TAN +3.50%
- $SMH +2.00%
- $XTL +1.30%
- $HACK +1.02%
1%- sectors yesterday:
- $KRE -1.60%
- $XLU -1.15%
- $XLF -1.14%
Main sectors monthly trailing:
- Leading – $XLY $XLK
- Lagging – $XLF $XLU
Sub sectors monthly trailing:
- Leading – $SMH $TAN
- Lagging – $TLT $KRE
Bitcoin: Under the 200sma at 80k ish
Themes: Tech, Semis, AI, Robotics
Are breakouts working: No
Are breakouts likely to work for the next 3 – 5 days: EP9 focus, markets extended breadth indicators starting to rollover
Are breakdowns likely to work for the next 3 – 5 days: Extended stocks
Should I be trading: Yes following trade plan
Stock goat 