Pristine Market Analysis & Watchlist 7/19

The Magnificent 7 Hits a Wall

Team,

NFLX and TSLA earnings underwhelmed, the window of seasonal weakness is upon us, fed meeting next week, Nasdaq special index rebalance incoming. Let’s ride!

-Andrew

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Economic Data

The following news impacted commodities markets:

PUTIN: THE CONTINUATION OF THE GRAIN DEAL IN THE FORM IN WHICH IT EXISTED HAD LOST ALL MEANING -- WE ARE NOT AGAINST THE GRAIN DEAL AS SUCH, WILL CONSIDER RETURNING IF ALL PRINCIPLES OF RUSSIAN PARTICIPATION ARE IMPLEMENTED

Equity Dashboard

Strong market breadth at 68.8% advancers.

Index MTD July Performance

The IWM small caps are continuing their Cinderella run in July.

Index After Hours Price Action

ES S&P 500 -.21% - 5 EMA Pullback

NQ Nasdaq -.53% - 5 EMA Pullback

YM Dow Jones -.04% - Above monthly value area
RTY Russell 2000 +.09% - Above 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