08.02.24 - Little Bird Trading's Market Weather Report
For traders and investors I Using AI to algorithmically map the flyways I Stocks, bonds, commodities, currencies and crypto I LittleBirdTrading.substack.com/subscribe I x.com/LtlBirdTrading
We shared the following chart on Twitter (link).
After multiple failed tries to close the lower $SPY gap, today opened below the gap to make an upper gap (If only birds could roll their eyes).
However, both $SPY and $QQQ found support at their April and May highs, but sit on a ledge going into next week.
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SPY, QQQ, DIA, IWM, NVDA, META, AAPL, AMZN, NFLX, GOOGL, MSFT, IBIT, CRWD, TSLA, AVGO, JPM, XOM, WMT
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Sector ETF Weather Report
Materials: Roost
Communication Services: Roost
Energy: Headwind
Financials: Headwind
Industrials: Headwind
Technology: Headwind
Consumer Staples: Roost
Real Estate: Roost
Utilities: Roost
Health Care: Roost
Consumer Discretionary: Headwind
Little Bird Trading’s Market Weather Report
SPY, QQQ, DIA, IWM, IBIT, UUP, TLT, NVDA, META, AAPL, AMZN, NFXL, GOOGL, MSFT, CRWD, TSLA, AVGO, JPM, XOM, WMT
And 100+ other US listed stocks, bonds, commodities, currencies, and crypto
Full list: LittleBirdTrading.com/marketreport
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