Team,
The sell signal is in place. Let’s see what the river brings 🌊
-Andrew
Economic Data
Empire State Manufacturing came in above expectations:
10Yr Treasury Futures
Consolidating after the rip off the lows.
Equity Dashboard
This rally started with the highest quality names, and has now spread to any and all assets. Market breadth middled at 56.4% advancers, with primarily the laggard small-caps leading the session.
Index MTD July Performance
June was a stellar performance month for the indices, and July is shaping up to be just as good.
Index After Hours Price Action
The indices stuck the landing and finished above their respective monthly value areas.
ES S&P 500 -.11% - Monthly VAH Breakout
NQ Nasdaq -.18% - Monthly VAH Breakout
YM Dow Jones -.05% - Monthly VAH Breakout
RTY Russell 2000 -.11% - Monthly VAH Breakout
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
Keep reading with a 7-day free trial
Subscribe to Pristine Capital to keep reading this post and get 7 days of free access to the full post archives.