Pristine Market Analysis & Watchlist 10/25

Bad News is Bad News

Team,

And just like that, the equity bounce gains vanished. Tough day in the market, but this too shall pass. HAGE 🍻

-Andrew

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News/Economic Data

New Home Sales came out above expectations

The geopolitical situation in the middle east remains unpredictable and worthy of concern.

META reported better than expected earnings but sold off in after hours

Long-Term Treasuries

TLT sold off and gave back most of the gains since the Bill Ackman Bond bottom👇

FX Market

The dollar index rallied, which is risk-off for equities.

Energy

Crude oil put in a green hammer candle. A lower high would be ideal, but still too early to tell.

Equity Dashboard

Equities finished with only 28.1% advancers in equity land. Throughout most of the year, there has been a dispersion trade keeping equities afloat; buy megacap (QQQ) and sell the rest of the market (IWM). Today those megacap generals GOOG NVDA were shot, but the IWM small caps sold off as well! No more dispersion trade.

Equity Index October Performance

0 out of 4 tracked indices are in positive territory MTD.

Index Price Cycle Monitor

Indices remain below their short-term moving averages 👇

Indices are gapping down in after hours. Tomorrow’s session could open in a panic.

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