4/22 Bearish. 200 Buying | 450 Selling.
T2108 is Bearish – Caution. Primary Indicator is Neutral. 20% Weekly is Neutral.
The market extended last week’s sharp decline amid escalating U.S.-China trade tensions and uncertainty over Federal Reserve leadership, with major indices falling 2-3%. Tech and mega caps led the selloff as geopolitical and policy risks weighed heavily.
The biotech and pharmaceutical sectors show mixed but selective strength, with increased volume in names like CRSP and AMLX signaling potential pockets of momentum. Volatility remains elevated, though VXX has eased slightly, suggesting some relief in fear levels.
No major U.S. economic data is scheduled for Tuesday; watch the $69 billion 2-year Treasury auction for clues on bond market sentiment.
Key Takeaway:
Traders should remain cautious amid broad market weakness and geopolitical risks. Focus on selective biotech/pharma setups showing relative strength and volume support for potential swing entries. Avoid chasing breakouts in heavily sold tech names until sentiment stabilizes. Use tight stops below key supports given heightened volatility and bearish breadth.
Watchlist
Continuation: AMLX (S1: 4, S2: 4, S3: 4, R1: 4.5, R2: 4.5, R3: 5)
Anticipation: PTCT (S1: 48, S2: 47.5, S3: 46.5, R1: 48.5, R2: 49, R3: 50)
📊 Market Breadth
Track the overall health of the market using percentage-based momentum indicators like T2108 and 4% Up/Down breadth.
🔗 Market Breadth Monitor
🚀 Trade Idea Analysis
Explore curated swing setups based on volume and price behavior:
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🔥 $20+ | 20%+ Week
Highlighting stocks that gained more than $20 or 20% in a week—powerful signs of momentum worth tracking. -
📈 Continuation Breakout
Classic breakout patterns from consolidation—great for catching strength early in a new leg up. -
⏳ Anticipation Continuation Breakout
Stocks tightening near breakout zones—designed for traders who want to get in before the move. -
🐢 Delayed 9M
Stocks that recently had a high volume (9M+ shares) breakout with a catalyst—may be setting up for another strong run.
🔍 Insights
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🏦 Institutional Ownership
Identify stocks with growing institutional backing and new highs—key signals of smart money involvement. -
📊 Analyst Rating Trends
Stay ahead with upgrades and revised price targets from top analysts. -
💎 Strong Fundamental Stocks
Companies showing consecutive quarters of strong earnings or revenue growth—a reliable base for momentum trades.
