Pristine Market Analysis & Watchlist 11/8

📈Recessions are Bullish

• Sudden relative strength in bonds and weakness in crude oil indicates market participants are pricing in an economic slowdown

• An economic slowdown accompanied by an inflation decline is by no means the worst-case-scenario for equities

Team,

Bonds are lifting off as stocks marinate sideways. More detail below. HAGE! 🍻

-Andrew

---

News/Economic Data

Long-Term Treasuries

+1.56 ATR move higher for TLT. There is an upside VPOC at $93.81, which is our upside target into year end. Bill Ackman nailed the bottom! 👇

FX Market

DXY below the 20-day SMA, which is bullish for risk assets✅

Energy

While it is a choice between the lesser of two evils, from a markets perspective, we much prefer crude falling on economic weakness to crude rallying on a booming economy. I can’t believe I just said that, but it’s true✅

Equity Dashboard

33.0 % advancers on day three of this market ‘pullback’ 👇

Index Price Cycle Monitor

ES, NQ, and YM are consolidating in time, while RTY is pulling back in price 👇

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