Team,
We made it to Friday! And the debt ceiling deal is on it’s way to get Joe Biden’s signature. Let’s dive in!
-Andrew
Economic Data
ISM Manufacturing data came in weaker than expected and below 50 this morning:
10Yr Treasury
ZN_F 10yr treasury futures trend continues to improve:
Equity Dashboard
74.7% advancers and a positive finish for equities. Volatility indices crushed across the board.
Index Price Action
ES S&P 500 +.09% after hours (Above monthly value area)
NQ Nasdaq +.16% after hours (Above monthly value area)
RTY Russell 2000 +.12% after hours (Inside monthly value area)
YM Dow Jones +.09% after hours (Inside monthly value area)
Bitcoin +.35% after hours (Inside monthly value area)
ZB_F 30yr Treasury +.02% after hours (Inside monthly value area)
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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