Overall market trend: Bullish phase – day 27
Yesterdays market: Money leaving the market – High selling pressure
TC2000 McClellan: -45
Stocks above 40PMA: 43%
VIX: 18
52 week highs (US common stocks): 208
Seasonality: May is typically a weaker month
Indices:
$QQQ: Uptrend
$SPY: Uptrend
$DIA: No trend
$IWM: Downtrend
$BTC: Downtrend
$SQQQ: Downtrend
$UVIX: Downtrend
$TLT Downtrend
1%+ sectors yesterday:
- $HACK +3.05%
- $XLE +1.92%
- $XPL +1.49%
- $KRE +1.42%
- $XLF +1.25%
- $IGV 1.19%
- $RTH +1.08%
1%- sectors yesterday:
- $TAN -3.62%
- $SMH -1.83%
- $IBB -1.68%
- $XLK -1.08%
Main sectors monthly trailing:
- Leading – $XLK $XLE
- Lagging – $IBB $XLU
Sub sectors monthly trailing:
- Leading – $SMH $HACK
- Lagging – $TLT $JETS
Bitcoin: Under the 200sma at 77k ish
Themes: Utilities, Industrials, Electrical Equipment, Semiconductors, Energy Infrastructure, Data-Center, Aerospace & Defense, Cybersecurity, Satellites, Industrial Technology
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 & extended stocks
Should I be trading: Yes following trade plan
Stock goat 