Pristine Market Analysis & Watchlist 10/4

Did you panic?

Team,

XLE and DBC broke just broke down! Did you panic into yesterday’s market lows? Hopefully not!

-Andrew

---

Economic Data

ADP employment data came out light, which was contrary to yesterday’s JOLTS report.

ISM services data came in at 53.6 which was directly in line with consensus.

Detailed breakdown below 👇

FX Market

Minor pullback to the 5-day EMA in the dollar index.

Long-Term Treasuries

Your prayers worked Team. We added exposure to long-term treasuries via TLT calls yesterday…and bonds finally bounced 🥳

Energy

Isn’t it fascinating how quickly a chart can go from looking unstoppable to looking completely broken? Crude oil fell sharply and is now trading below the 50-day SMA.

Equity Dashboard

US equities rallied on 57.8% advancers.

XLE energy red and everything else green? The sign of a healthy market! 💪

Equity Index October Performance

The Nasdaq QQQ is the only green index for October.

Index Price Cycle Monitor

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

NQ Nasdaq - Below key moving averages and retesting 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