Pristine Market Analysis & Watchlist 8/17

Sellers Have Entered the Chat

Team,

We finally took out the ES 4408 VPOC! Let’s dive in and see what is happening under the hood of the market into opex Friday.

-Andrew

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Economic Data

Our trading session kicked off with initial jobless claims data that came out in-line with estimates and the Philadelphia Fed Manufacturing Index came in above expectations.

And Japan inflation data came out above estimates.

Equity Dashboard

Treasuries

Treasuries are testing their November ‘22 lows.

The MOVE index bumped up into trend resistance.

FX

The dollar index continues its ascent.

Equity Volatility

Volatility expanded, and is entering ‘spike’ territory.

Equity Index MTD August Performance

The indices are experiencing a pullback in August.

Index After Hours Price Action

ES S&P 500 -.02% - Below 50-day SMA

NQ Nasdaq -.12% - Below the 50-day SMA

YM Dow Jones +.03% - Below the 50-day SMA

RTY Russell 2000 +.06% - Below the 50-day SMA & Approaching 200-day SMA

Economic Data

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