Pre-Market Plan - Friday May 10th, 2024

Market Direction
Its hard not to be bullish anymore.

Breadth
S5FI 🟢1YR 🔴5YR
R2FI 🟢1YR 🟢5YR
VIX(Inverted) 🟢1YR 🟢5YR

TA
SPY 🟢Above the 50D 🟢3 Green Closes
VIX 🟡Steep Decline and has gotten very low. Careful
TLT 🟢 Looks Bullish (Not my expertise)

Oil and Copper
USOIL 🟢Cup and Handle
COPX 🟢+1.44% Pre-market biggest sector ETF mover. Stanely Drunkenmiller recently commented on the demand for Copper in Evs and

Sectors Up Pre-market
COPX - Copper Miners
PAVE - Infrastructure
XME - Metals and Mining
XBI - Biotech

Bulls
FIX APP EME GCT AXP FTAI GE POWL ML

Bulls Upcoming Earnings
LWAY VTSI PANW NVDA HOV ANF

Bears
TSLZ is the only one I am interested in give the market conditions today.

Chart PatternsTechnical IndicatorsTrend Analysis

"At least 50% of the whole game is the general market."
-William J O'Neil

"Don't let anyone tell you that you can't time the market"
-William J O'Neil - Chapter 9
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Disclaimer