Pristine Market Analysis & Watchlist 6/6

RIP Volatility

Team,

The animal spirits have taken over and long volatility players puked today! Let’s take a deeper look under the hood.

-Andrew

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Equity Dashboard

71.6% advancers and a MASSIVE volatility crush across the board. The IWM small caps, which have been the laggard this entire rally, played catch up while QQQ technology lagged and closed in the red.

The IWM small caps rallied up to the three standard deviation bollinger band for the second time in three trading sessions. Every one of our tracked headline indices has tagged this level at least once over the past week.

Record Call Volume

The animal spirits are running wild. Friday marked the highest SPX notional call volume…on record. Forever is a long time!

And with this, we just recorded the lowest put/call ratio in 2 years according to Bloomberg.

Index Price Action

ES S&P 500 +.10% after hours (Above monthly value area)

NQ Nasdaq +.06% after hours (Above monthly value area)

RTY Russell 2000 +.18% after hours (Above monthly value area)

YM Dow Jones +.04% 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