Overall market trend: Bullish phase – day 30
Yesterdays market: Money entering the market – High buying pressure
TC2000 McClellan: -12
Stocks above 40PMA: 46%
VIX: 17
52 week highs (US common stocks): 253
Seasonality: May is typically a weaker month
Indices:
$QQQ: Uptrend
$SPY: Uptrend
$DIA: Uptrend
$IWM: No trend
$BTC: Downtrend
$SQQQ: Downtrend
$UVIX: Downtrend
$TLT Downtrend
1%+ sectors yesterday:
- $TAN +3.08%
- $JETS +2.12%
- $XTL +1.99%
- $XLU +1.10%
1%- sectors yesterday:
- $XLE -1.12%
- $XLP -1.01%
Main sectors monthly trailing:
- Leading – $XLK $XLE
- Lagging – $IBB $XLB
Sub sectors monthly trailing:
- Leading – $SMH $TAN
- Lagging – $TLT $RTH
Bitcoin: Under the 200sma at 77k ish
Themes: Electrical Equipment, Semiconductors, Energy Infrastructure, Data-Center, Cybersecurity, Satellites, Industrial Technology
Are breakouts working: Yes
Are breakouts likely to work for the next 3 – 5 days: Selectively
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 