Pristine Market Analysis & Watchlist

📈PPI Puts Bears in a Pickle

• PPI MoM -.5% vs +.1% est

• The quiet holiday season is approaching and investors have no reason to sell

  

Team,

Can you believe that investors are still worried about inflation? PPI just flipped negative! HAGE 🍻

-Andrew

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News/Economic Data

PPI came out lighter than expected! Are we now in a deflationary environment? 👇

Long-Term Treasuries

If you had told me ahead of time that PPI would come in negative, and TLT would then proceed to pull back for the day, I would have said that you are crazy! 👇

There is now a near 100% probability that the fed will hold rates steady at their December meeting. Bullish!

FX Market

The Dollar index put in a small green candle, but let’s be honest…dollar bulls are in shambles 😂

This is bullish for risk assets✅

Energy

Crude oil is now living in the $70’s ✅

Equity Dashboard

An overbought market…got even more overbought! 👇

Index Price Cycle Monitor

All green 👇

The indexes are extended away from their respective 5-day EMAs. Don’t be surprised if we see consolidation➡️

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