Pristine Market Analysis & Watchlist 7/20

Market Topping

Team,

There is a good chance that the market correction is starting. Sit back, relax, and enjoy the ride.

-Andrew

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Economic Data

Initial jobless claims came in lighter than expected. The labor market remains resilient!

And the market digested earnings reports from two constituents of the Magnificent 7. NFLX finished the session -8.41%

And TSLA finished -9.74%

My commentary on the significance of these reports via our Pristine Capital Discord Server

Equity Dashboard

Middling market breadth at 46.1% advancers. We can’t even say that this is a real selloff yet, because we primarily saw rotation out of growth stocks, and into value stocks.

Index MTD July Performance

Even after today’s selling, the indices are still having a fantastic July!

Index After Hours Price Action

ES S&P 500 +.05% - 5 EMA Pullback

NQ Nasdaq +.02% - Monthly VAH retest

YM Dow Jones +.09% - Overbot
RTY Russell 2000 +.10% - 5 EMA Retest

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