Nurse State of The Market 4-5-26 Sunday Market Playbook
Welcome to the weekly official Nurse in The Market Sunday Market Playbook!!
Welcome back to your weekly market checkup.
I approach the market the way I approach medicine—systematically.
👩🏻💻Let’s check the market pulse and break it down.
Quick note: The market was closed Friday for Good Friday, so this analysis reflects data through Thursday, April 3, 2026.
I. THE MARKET VITALS (Best to Worst)👩🏻⚕️📊
Here’s how the 7 major asset classes ranked this week:
Oil (USO): +17.62% 🔥; BEST PERFORMER, trading at an extreme-high RSI reading of 72. Popped 11% on Thursday. Watch for profit-taking here.
20 Year Bonds Treasury ETF (TLT): +1.19% ✅; Broke out, closed above its 20-day SMA, trading back above its 200-day SMA.
The Dow Jones 30 (DIA): +1.25% ✅; Closed above its 20-day SMA, breakout underway, trading back above its 200-day SMA.
Gold (GLD): +7.18% ✅; Forming an accumulation zone. Strong performace, maintaining its upward momentum.
S&P 500 (SPY): +1.66% ⚠️; In accumulation zone, still trading below its 200-day SMA.
The Nasdaq-100 (QQQ): +1.95% ⚠️; In accumulation zone, still trading below its 200-day SMA.
Bitcoin ($BTCUSD): +0.36% ❌; Worst performer, in accumulation zone below its 200-day SMA.
♥️Market Pulse: 5/7
5/7 assets are up (71% bullish / 29% bearish).
Much healthier than last week’s 29% bullish reading.
📈Secondary Assets to Watch
Here’s how key secondary assets performed over the last week:
Best:
Gold Miners (GDX): +7.08% 🔥; Setting up in accumulation above its 200-day SMA. Possible play this week.
Junior Gold Miners (GDXJ): +5.55% 🔥; Setting up in accumulation above its 200-day SMA. Possible play this week.
Semiconductors (SOXX): +3.27% ✅; Broke out and is trading above its 200-day SMA.
Biotechnology (IBB): +2.52% ✅; Broke out last week, above 200-day SMA.
Regional Banks (KRE): +2.37% ✅; Broke out and is trading back above its 200-day SMA.
Middle:
Ark Innovation (ARKK): +1.74% ⚠️; Accumulation zone, below 200-day SMA.
Russell 2000 Index (IWM): +0.36% ✅; Still above 200-day SMA and broke out last week! Possible play this week.
Software (IGV): +0.74% ⚠️; accumulation zone, below 200-day SMA.
Retail (XRT): +0.61% ⚠️; Broke out, but trading below 200-day SMA.
Homebuilders (XHB): +0.16% ⚠️; Accumulation zone, below 200-day SMA. Watching if price holds.
Worst:
Oil & Gas (XOP): -4.10% ❌; No longer at extreme-high RSI reading.
👩🏻💻Key Takeaway: Gold miners GDX 0.00%↑ and junior gold miners GDXJ 0.00%↑ are absolutely crushing it with +15-16% gains.
👩🏻💻Breakouts happening across quality sectors like semiconductors SOXX 0.00%↑ , Biotechnology IBB 0.00%↑ , Regional Banks KRE 0.00%↑ , and Small Caps IWM 0.00%↑ . Growth ARKK 0.00%↑ and Software IGV 0.00%↑ still consolidating, but showing positive momentum.
II. SECTOR ROTATION (11 SPDR S&P 500 Sectors)👩🏻⚕️🔄
Here’s the 5-day performance across all 11 sectors:
Top 3 Performers:
Real Estate (XLRE): #1 BEST sector. +3.28% 🔥, Broke out, back above 200-day SMA.
Materials (XLB): +2.69% ✅; Accumulation zone above its 200-day SMA.
Communication Services (XLC): +2.82% ⚠️; Accumulation zone, trading below its 200-day SMA.
Bottom 3 Performers:
Health Care (XLV): +0.73% ❌; Above 200-day SMA.
Consumer Discretionary (XLY): -0.62% ❌; Below 200-day SMA.
Energy (XLE): -3.69% ❌; WORST sector. No longer trading at an extreme-high RSI reading, still holding above its 20-day SMA.
Other Notable Sector Observations:
Technology (XLK): +2.63%; accumulation zone; above its 200-day SMA, possible trade idea.
Utilities (XLU): +2.23%; Broke out. Trading above its 200-day SMA.
Industrials (XLI): +1.55%; attempted breakout last week but failed, closed below 20-day SMA, in accumulation zone, above its 200-day SMA.
Financials (XLF): +0.98%; Broke out, but still trading below 200-day SMA.
Consumer Staples (XLP): +0.92%; accumulation zone; above its 200-day SMA, possible trade idea.
👩🏻💻Sector Health: 10 out of 11 sectors are positive (91% bullish). Massive improvement from last week’s 36% bullish reading.
👩🏻💻Key Rotation: Money rotating OUT of Energy XLE 0.00%↑ (profit-taking after extreme run) and INTO Real Estate XLRE 0.00%↑ , Materials XLB 0.00%↑ , and Communication Services XLC 0.00%↑ .
III. IMPORTANT SECTORS & ETFs 👩🏻⚕️🔍
Beyond the main sectors, here’s what stood out this week:
🎉Russell 2000 Index (IWM):
Price broke out
Still above 200-day SMA.
Possible play this week in URTY.
📉 Precious Metals Play This Week:
Gold GLD 0.00%↑ , gold miners GDX 0.00%↑ , and junior gold miners GDXJ 0.00%↑ are all setup here.
⚠️ Growth & Tech ETFs:
Semiconductors SOXX 0.00%↑ is breaking out and set up for a possible trade.
Growth/Innovation ARKK 0.00%↑ is in an accumulation zone below its 200-day SMA.
Software IGV 0.00%↑ is also in an accumulation zone below its 200-day SMA.
IV: WHAT ASSETS & SECTORS I’M WATCHING 👩🏻⚕️🎯
Here’s what I’m focused on next week:
Oil (USO): Will we continue higher and maintain an extreme-high RSI reading, or get sideways consolidation?
Watching for continuation vs. profit-taking.
Dow Jones (DIA) : Will this breakout hold and push higher, or fail back into accumulation zone? Key test for market leadership.
Price closed just above its 200-day SMA.
The S&P 500 & The Nasdaq (SPY & QQQ): Critical week: Will they break out from accumulation zones? Can price hold these levels?
Will they attempt breakout and fail, or successfully break out and reclaim 200-day SMA like DIA did?
