Pristine Market Analysis & Watchlist 10/17

Stocks are Setting Up!

Team,

More headline driven action, more choppy waters, but guess what? We lived to fight another day 👊

-Andrew

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News/Economic Data

Retail sales and industrial production data came in hotter than expected this morning!

FX Market

The dollar remains outside of the bullish trend channel. This is BULLISH for risk assets 🐂

Long-Term Treasuries

ZN ZB red session for both and the weekly candle is looking ugly so far. Interest rates at the mercy of geopolitical shocks in the middle east👇

Energy

Crude oil broke down from it’s bullish trend…but then the Israel-Hamas conflict broke out and it’s been making a series of higher highs and lower lows ever since.

Equity Dashboard

Equities finished with 72.1% advancers. IWM Small caps and ARKK led the way 💪

NVDA sold off on the following news:

EXPORTS OF NVIDIA’S A800, H800 CHIPS TO CHINA WILL BE RESTRICTED UNDER UPDATED EXPORT CONTROL RULES–U.S. OFFICIAL

Equity Index October Performance

Indices are performing well in October despite the choppy waters

Index Price Cycle Monitor

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