Overall market trend: Bullish phase – day 28
Yesterdays market: Money leaving the market – High selling pressure
TC2000 McClellan: -78
Stocks above 40PMA: 39%
VIX: 18
52 week highs (US common stocks): 181
Seasonality: May is typically a weaker month
Indices:
$QQQ: No trend
$SPY: No trend
$DIA: No trend
$IWM: Downtrend
$BTC: Downtrend
$SQQQ: No trend
$UVIX: Downtrend
$TLT Downtrend
1%+ sectors yesterday:
- $XLE +1.17%
- $XLV +1.10%
1%- sectors yesterday:
- $JETS -2.90%
- $TAN -2.62%
- $XLB -2.35%
- $XLF -1.24%
- $XLI -1.18%
- $XLY -1.11%
Main sectors monthly trailing:
- Leading – $XLK $XLE
- Lagging – $IBB $XLB
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: nO
Are breakouts likely to work for the next 3 – 5 days: No, 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 