Pristine Market Analysis & Watchlist 3/27

Closing out the Quarter!

Team,

This has been one of the most difficult trading environments we’ve seen in some time due to the sideways movement! I’d like to recognize everyone in our trading community for handling this environment like true professionals, and being so patient while the market chops around. Remember, other traders are making huge mistakes in this environment, and sowing the seeds of our future success!

-Andrew

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The following headline set the tone for today’s trading session:

The bank failure that kicked off the regional banking crisis was finally ‘resolved’. But did that lead to a big celebration in the market? Not really.

Equity Dashboard

The TLT long-term treasury ETF and Nasdaq QQQ sold off as the flight-to-safety trade partially unwound. Small caps and other unloved areas of the market including XLE energy and XLF financials rallied.

ES_F S&P 500 Price Action Analysis

But the S&P 500 only managed to rally +.19%, and even rejected at the 50-day SMA!

Let’s continue the discussion below. Goodnight free subscribers!

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