Pristine Market Analysis & Watchlist 10/11

Sell the Rumor, Buy the News!

Team,

Imagine if PPI came in hot…and bonds rallied?!

-Andrew

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News/Economic Data

PPI came in hotter than expected at +.5% MoM!

As always, it is not the data itself that matters, but the market reaction 👇

FX Market

If you had told me yesterday that PPI was going to come in flaming hot, I would probably tell you that the dollar would put in a massive green candle…but it did the opposite 👀

Long-Term Treasuries

Skate to where the puck is going, not to where it’s been! Sell the rumor, buy the news reaction in treasuries.

Energy

Geopolitical tensions are flaring, but you’d never know looking at this crude oil chart.

Equity Dashboard

Equities finished with 57.2% advancers💪

Equity Index October Performance

Strong index performance thus far in October!

Index Price Cycle Monitor

ES S&P 500 - ABOVE 20-day SMA & inside monthly value area

NQ Nasdaq - ABOVE 20-day SMA & inside monthly value area

RTY Russell 2000 - Testing 20-day SMA & inside monthly value area

YM Dow Jones - Testing 20-day SMA and inside monthly value area

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