4/21 Cautiously Bullish. 250 Buying | 50 Selling.
T2108 is Bullish – Oversold. Primary Indicator is Bearish – Caution. 20% Weekly is Neutral.
Mixed index action amid earnings-driven volatility; S&P and Nasdaq near flat while Dow lags due to UnitedHealth’s steep sell-off. Breadth positive with small/mid-caps leading gains. Housing and Philly Fed data signal softness in demand and affordability constraints.
Biotech, Mining, Crypto, Electronic Component, Defensive sectors show resilience; healthcare dragged by UNH’s guidance cut. Volatility remains contained with VXX spikes modest.
Monday brings March Leading Indicators data, which could influence near-term market direction.
Key Takeaway:
Traders should exercise caution given mixed technical signals and headline-driven swings, especially in healthcare stocks like UNH. Focus on biotech and tech and small/mid-cap strength while respecting resistance levels. Use tight stops near support and avoid chasing names with stretched valuations or unclear catalysts. Prepare for potential volatility around economic data Monday.
Watchlist
Delay-9M: VRT, CLS, MSTR, ASTS, HPE, DELL, SOFI, COIN
20+Wk: IDXX, SPOT
Anticipation: CEG, SLNO, BWXT, MNDY, MNPR (S1: 38.5, S2: 38.5, S3: 38.5, R1: 39.5, R2: 40, R3: 40.5)
Continuation: JANX, RVMD, HCC, CRNX, ANSS (S1: 301.5, S2: 300, S3: 298, R1: 306, R2: 308.5, R3: 310)
📊 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.
