Overall market trend: Bullish phase – day 25
Yesterdays market: Money entering the market – Normal selling pressure
TC2000 McClellan: -38
Stocks above 40PMA: 48%
VIX: 17
52 week highs (US common stocks): 321
Seasonality: May is typically a weaker month
Indices:
$QQQ: Uptrend
$IWM: Uptrend
$SPY: Uptrend
$DIA: Uptrend
$BTC: No trend
$SQQQ: Downtrend
$UVIX: No trend
$TLT Downtrend
1%+ sectors yesterday:
- $HACK +2.88%
- $IGV +2.30%
- $XTL 2.10%
- $TAN +1.79%
- $IYT +1.52%
- $XLK +1.50%
- $SMH +1.03%
1%- sectors yesterday:
- None
Main sectors monthly trailing:
- Leading – $XLK $XLP
- Lagging – $IBB $XLU
Sub sectors monthly trailing:
- Leading – $SMH $HACK
- Lagging – $TLT $JETS
Bitcoin: Under the 200sma at 81k ish
Themes: Tech, Semis, AI, Robotics
Are breakouts working: Selectively
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: Yes in weak sectors
Should I be trading: Yes following trade plan
Stock goat 