Pristine Market Analysis & Watchlist 11/7

Prepare for Liftoff!

Team,

The action under the hood of the market is indicating the potential for another leg higher for stocks Team! Trade the market you see in front of you! 🍻

-Andrew

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News/Economic Data

Long-Term Treasuries

Remember Team…US treasury weakness was the primary driver behind the selloff in stocks. The Bill Ackman bottom remains, and TLT retraced to the 5-day EMA! Still Bullish 👇

FX Market

DXY below the 20-day SMA✅

Energy

Crude testing the bottom of the monthly value area from below. Still benign✅

Equity Dashboard

37.1% advancers on day two of this market ‘pullback’ 👇

XLE energy relative weakness is the ideal risk-on scenario ✅

Index Price Cycle Monitor

Tough to argue with the green on the screen👇

ES on the verge of breaking above the anchored VWAP from the summer highs!

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