The Mid-Week Routine: April 7, 2021

Mid-Week Routine – April 7, 2021

SUFO – Stocks Up From Open
SDFO – Stocks Down From Open
U/D – Up/Down
RV – Relative Volume
HRV – High Relative Volume
LRV – Low Relative Volume
EOD – End of Day
PLG – Potential Leadership Groups
DMA – Daily Moving Average
KMA – Key Moving Average

Leadership Day – Indexes finish up on the session with leadership groups leading from the open.
Rotation Day – Indexes finish up on the session with laggards leading from the open.
Distribution Day – Indexes finish down on the session on increasing volume vs prior day. Track index volume: https://www.traderlion.com/stock-market-exchange-volume/

2. Market Review

SP500Nasdaq
Market ConditionsConfirmed UptrendConfirmed Uptrend
Distribution Count22
Reclaim10DMA10DMA
Market Indexes via Top 10 Report
sc 38
sc 21
sc 40

3. Sector, Group, Industry Review

1 Week Leading Performance-Momentum Groups: Robotics, Miners, Software, Social Media, Casinos, Semiconductors
1 Week Lagging Performance-Momentum Groups: Health Care, Energy, Oilers, Vanguard Health Care

1MidWeekGroupPerformance

4 Week Leading Performance-Momentum Groups: Miners, Home Construction, Real Estate, Utilities, Semiconductors
4 Week Lagging Performance-Momentum Groups: Oilers, US Cannabis, China Internet, SP Biotech, Banking

4MidWeekGroupPerformance

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Top 20 Industry Groups From MarketSmith

Top Industry Groups: Oil&Gas, Retail, Metals/Steel, Transportation, Banks, Semiconductors

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