Overall market trend: Bullish phase – day 29
Yesterdays market: Money entering the market – High buying pressure
TC2000 McClellan: -23
Stocks above 40PMA: 45%
VIX: 17
52 week highs (US common stocks): 234
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:
- $JETS +6.57%
- $SMH +3.81%
- $TAN +3.20%
- $XLY +2.53%
- $KRE +2.38%
- $IBB +2.27%
- $IYT +2.25%
- $XLK +2.25%
- $HACK +1.80%
- $IGV +1.49%
- $XLB +1.39%
- $XLI +1.18%
- $XLF +1.10%
- $TLT +1.07%
1%- sectors yesterday:
- $XLE -2.43%
Main sectors monthly trailing:
- Leading – $XLK $XLE
- Lagging – $IBB $XLB
Sub sectors monthly trailing:
- Leading – $SMH $HACK
- Lagging – $TLT $IBB
Bitcoin: Under the 200sma at 78k ish
Themes: Electrical Equipment, Semiconductors, Energy Infrastructure, Data-Center, Cybersecurity, Satellites, Industrial Technology
Are breakouts working: No
Are breakouts likely to work for the next 3 – 5 days: No indicies are not in uptrend, likely chop
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 