Pristine Market Analysis & Watchlist 7/11

CPI Incoming!

Team,

CPI incoming Team! We’re all going to make it!

-Andrew

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Economic Data

The highly anticipated CPI is to be released tomorrow morning at 8:30 AM ET. Consensus is expecting a +.3% MoM reading, bringing the YoY inflation rate down to 3.1%.

10Yr Treasury Futures

If tomorrow’s inflation data does indeed come in on the lighter side, I don’t see how treasuries don’t have a strong rally off support. It appears that investors are hitting peak pessimism on treasuries, despite the deflationary forces we are seeing play out in real-time.

Equity Dashboard

Strong breadth into CPI, with ARKK leading. Equity investors bet on a light CPI into the event.

Index MTD July Performance

We are in the heart of the best seasonal period of the year, and so far we are seeing a small pullback in large caps SPY QQQ vs relative strength in the small caps IWM.

Index After Hours Price Action

The indices are all working their way through their respective monthly value areas.

ES S&P 500 +.01% - Monthly VAH 4,500.5

NQ Nasdaq +.05% - VPOC 15,598.5

YM Dow Jones -.04% - Monthly VAH 34,521
RTY Russell 2000 +.03% - VPOC 1,945.6

In the following sections of tonight’s update, I’ll cover my research in preparation for tomorrow’s trading session

✅ Trend Model Update - Our proprietary indicator that informs us on how aggressive/defensive to position in the market

✅Market Strategy - My trading plan

✅ Today’s Trade Blotter and Position Update

✅Daily Watchlist - We scan thousands of stocks and hand-pick the best reward/risk opportunities