Pristine Market Analysis & Watchlist 3/30

PCE Incoming

Team,

Tomorrow marks the end of Q1! Let’s take a look at the setup into tomorrow’s PCE print and Q2!

Announcement - We are going to be running a quarterly raffle

-Andrew

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Equity Dashboard

QQQ Megacap tech stocks outperformed, while IWM small caps finished the session in the red. Megacap tech has been the big Q1 outperformer, and investors are loading up on those names into quarter end!

ES_F S&P 500 Price Action Analysis

The S&P 500 broke into the monthly value area, and is trading above all the key moving averages. From a technical perspective, all systems go!

PCE Incoming!

But let’s not forget, we are going to receive a key piece of economic data tomorrow morning at 8:30 AM ET:

Depending on how hot or cool the PCE comes in relative to expectations, we could see volatility in Fed Fund futures tomorrow!

The market has largely priced out rate cuts into September, which reduces some of the risk into tomorrow’s report. It would likely take a large upside surprise to convince the Fed to continue to hike rates. After all, the February data is not going to take into account the banking crisis! I’ll be watching Fed fund futures closely for clues as to how the bond market interprets the PCE report!

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