Pristine Market Analysis & Watchlist 10/3

Extreme Fear Grips the Market

Team,

Investors everywhere are losing their heads with fear! It is important that we remain calm and maintain perspective in these moments. This market correction is pretty minor in the grand scheme of things. It is not the first that we’ve experienced, and it certainly won’t be the last!

-Andrew

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Economic Data

JOLTS job openings data came in higher than expected, signaling that there is still slack in the labor market!

FX Market

The dollar index continues to test the upper end of the white trend channel.

Long-Term Treasuries

Long-term treasuries were a train wreck once again. I added a position in TLT into the weakness. Pray for me Team!

Energy

Crude oil showed relative strength by finishing with a green candle…not what market bulls want to see.

Equity Dashboard

Equity breadth was weak with only 20.3% advancing stocks. Absolute washout.

The Magnificent 7 faltered!

Equity Index October Performance

October beginning with a bang!

Index Price Cycle Monitor

ES S&P 500 - Below key moving averages and below monthly value area

NQ Nasdaq - Below key moving averages and below monthly value area

RTY Russell 2000 - Below key moving averages and below monthly value area

YM Dow Jones - Below key moving averages and below 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