Pristine Market Analysis & Watchlist 9/27

Santa Claus Rally?

Team,

Did we just get the signal? 🎅

-Andrew

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Economic Data

Today’s session kicked off with durable goods orders that surprised to the upside⬆️

FX Market

Remember back in June when the Nasdaq was putting in a green candle almost EVERY SINGLE DAY? That same thing is happening today, except it’s the dollar index ripping to the upside. It just tagged the upper end of the white trend channel 🤯

And crude oil is following the same trajectory. It’s now trading at $93.74/ barrel. Coincidence? I think now.

Long-Term Treasuries

Bonds are still in free fall.

Equity Dashboard

Equities finished with 53.2% advancers. IWM small caps led today’s rally attempt.

Equity Index September Performance

The downside we’ve experienced in September is no joke. -5.4% SPY is nothing to scoff at.

Index Price Cycle Monitor 🤮

ES S&P 500 - Below key moving averages and below monthly value area

NQ Nasdaq - Below key moving averages and below monthly value area

RTY Russell 2000 - Below key moving averages and below monthly value area

YM Dow Jones - Below key moving averages and below 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