The Market Chronicles: Daily review (Fri, 02/05/2025)

 The pre-markets futures given really good indication once again, Have excellent and clear direction where market is going. Already we have 9 positive straight days for SPY and QQQ is almost 7 days out of 9 days. We are really in a good bull market at this time. Missing out a lot due to major mistakes I did last couple of times. That is fine until I am learning from my mistakes and this is my first year of trading. 

SPY:


QQQ:


$ADD and TICK shown the direction and acceleration of market today. Almost 16500 stocks advanced when we took difference of declining stocks. And Tick shown real resilience maintaining 448. 


TICK:


$VOLD shown some increase in volume when compared to yesterday. Good sign of more transactions in overall market.


MMFD shown some recover as I see more stocks got positive today.


MMMTW, MMFI, MMOH, MMOF and MMTH are following trend. So most probably there will be pull back in a week or two to sustain this growth. All these broke a major trend line which is a good sign as shown below.

I need to master market calendars and other market internals for better situational awareness.

No watch list or predictions for today on individual stocks as of now.

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