Pristine Market Analysis & Watchlist 6/22

10 EMA Bounce

Team,

Most stocks finished today’s session lower, but the ones that matter most had a fantastic session. Let’s dive in and take a look under the hood.

-Andrew

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Economic Data

Initial jobless claims came in at +264k vs an estimate of +260k.

Equity Dashboard

Dreadful breadth with 28% advancers. Despite the fact that most stocks in the market sold off today, volatility was crushed once again.

Index MTD June Performance

Most indices are sitting on almost a year’s worth of returns for the month of June.

Index After Hours Price Action

ES S&P 500 -.07% (10 EMA Bounce)

NQ Nasdaq -.05% (10 EMA Bounce)

YM Dow Jones -.01% (10 EMA Pullback)

RTY Russell 2000 -.04% (20 SMA Pullback)

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