Pristine Market Analysis & Watchlist 12.20

📉Bearish Outside Reversal

• Equities pull back to levels not see since…days ago!

Team,

Isn’t it nuts that the headline indices rallied up in straight line for almost two months straight….and now investors are freaking out because they declined 1% in a day?

If you can think beyond a few hours of price action and see the bigger picture, you are way ahead of the game!

-Andrew

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News/Economic Data

Rumors are swirling that the reason for the selloff was a headline about China and Taiwan re-unifying. It could just be that the market was incredibly extended to the upside and investors wanted to take chips off the table! The reason why does not matter as much as most think it does. The most important thing is how we react to the evolving market environment.

Treasuries

The pattern in TLT is looking as good as ever. It just put in a green candle on high volume, and is on pace to hit the $101.4 VPOC in the new year👇

Energy

Crude oil testing the bottom of the monthly value area $74.10👇

FX Market

Dollar Index remains incredibly weak!✅

Equity Dashboard

Equities sold off and volatility expanded. This is definitely a change of character compared to what we’ve seen over the last two months👇

Index Price Cycle Monitor

The indices continue to trend higher, and their respective 5-day EMA’s can barely keep up🔥

Index Performance Monthly

The indices are still looking pretty fantastic for the month of December! 👇

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 - Our trading plan

✅ Today’s Trade Blotter and Position Update

✅Daily Watchlist - We scan thousands of stocks and hand-pick the best reward/risk opportunities