Pristine Market Analysis & Watchlist 7/12

The Best CPI You Could Imagine...Is Now in the Rear View

Team,

Markets are forward looking (not backward). Let’s take a look under the hood of the market!

-Andrew

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Economic Data

CPI came in at a +.2% MoM increase, bringing the YoY measure down to 3%

10Yr Treasury Futures

Long end treasuries had a nice bounce and regained their losses from last week’s hot ADP employment report.

Equity Dashboard

68.4% equity advancers. The dollar put in a massive downward move!

Megacap equities rallied. Important to keep in mind that the specifics of the Nasdaq special rebalance will be announced 7/14. This could impact trade in some of the largest names.

Index MTD July Performance

We are in the strongest seasonal period of the trading year and so far the indices have done…okay! The IWM small caps are leading, as are high-short-interest names.

Index After Hours Price Action

The indices stuck the landing and finished above their respective monthly value areas.

ES S&P 500 +.17% - Monthly VAH Breakout

NQ Nasdaq +.26% - Monthly VAH Breakout

YM Dow Jones +.14% - Monthly VAH Breakout
RTY Russell 2000 +.20% - Monthly VAH Breakout & VPOC Takeout

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