Pristine Market Analysis & Watchlist 8/16
Risk Happens Fast
Team,
Investors are beginning to hit the panic button. Let’s dive in! 👊
-Andrew
Economic Data
Industrial production came out +1% vs +.3% estimate. Hot!
Equity Dashboard
24.2% advancers today. Breadth still weak.
Treasuries
Treasuries are testing their November ‘22 lows.
The MOVE index bumped up into trend resistance.
FX
The dollar index continues its ascent.
Equity Volatility
Volatility expanded today, but it really has not ‘spiked’ yet.
Equity Index MTD August Performance
The indices are experiencing a pullback in August.
Index After Hours Price Action
ES S&P 500 +.05% - Below 50-day SMA & Approaching VPOC 🚨
NQ Nasdaq +.03% - Below the 50-day SMA and Tagging S1 pivot
YM Dow Jones +.11% - Tagging the 50-day SMA
RTY Russell 2000 -.03% - Below the 50-day SMA & Approaching 200-day SMA
Economic Data
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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