Pristine Market Analysis & Watchlist 10/31
Spooking Bears into Fed Wednesday 👻
Team,
A spooky day for shorts Team. Jerome Powell is up tomorrow for Fed Wednesday. With more certainty than ever around the future of rate hikes (no more hikes this cycle), there is a good chance that we spook the shorts. Happy Halloween! 🍻
-Andrew
News/Economic Data
We love to see it!
Long-Term Treasuries
Long-term treasuries had a weak close, but we are still trading above the Bill Ackman bottom! 👇
FX Market
DXY firmed up into Fed Wednesday ❌
Energy
Crude is trading down to $81.49!
A trip down to the $70s would alleviate inflationary concerns ✔️
Equity Dashboard
Second consecutive day of strong equity breadth with 71.0% advancers✔️
Equity Index October Performance
0 out of 4 tracked indices finished October in positive territory! Upward and onward for November!
Index Price Cycle Monitor
Improvement on our shortest timeframe! 👇
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
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