Pristine Market Analysis & Watchlist 8/28
Gliding into a Holiday Weekend
Team,
Monday is in the books Team. 4 more sessions until labor day weekend! Let’s go out in style.
-Andrew
Overnight/Economic Data
Today’s session kicked off with a stimulus attempt by China.
And a slightly better-than-expected Dallas Fed Manufacturing index print
Treasuries
US Treasury price action is shaping up nicely!
The MOVE index collapsed below the downward trendline!
FX
The dollar index remains in a bullish pattern, which is not constructive for global financial assets.
Equity Dashboard
Equity breadth was strong today and volatility declined.
Equity Index MTD August Performance
All equity indices are likely to finish the month of August in negative territory.
Index After Hours Price Action
ES S&P 500 +.03% - Retesting the 20 day SMA from below
NQ Nasdaq -.04% - Retesting the 20-day SMA from below
YM Dow Jones +.05% - Below 50 day SMA
RTY Russell 2000 +.04% - Basing at the 200 day SMA
Okay…Now let’s take a look at the setup heading into Jackson Hole.
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
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