Pristine Market Analysis & Watchlist 8/15

The Volatility Event Begins

Team,

The slow motion selloff finally accelerated! Let’s jump into today’s action 👊

-Andrew

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Equity Dashboard

13.5% advancers and volatility popped!

Investors attempted to hide out in the safety of NVDA…of course!

Treasuries

Treasuries were stronger than I would have expected given the strong Japanese GDP data overnight. 10yr treasury futures tested levels not seen since Nov ‘22, but VERY briefly before dip buyers came in. How much more downside is left in treasuries?

The MOVE index bumped up into trend resistance.

FX

The dollar index continues its ascent.

Equity Volatility

Volatility expanded today, but overall is still looks like a coiled spring!

Equity Index MTD August Performance

The indices are experiencing a pullback in August.

Index After Hours Price Action

ES S&P 500 +.01% - Below 50-day SMA

NQ Nasdaq +.08% - Below the 50-day SMA

YM Dow Jones -.01% - Below the 20-day SMA

RTY Russell 2000 +.06% - Below the 50-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