Pristine Market Analysis & Watchlist 12.21

🎅One more Volatility Crush for 2023?

• PCE data incoming!

Team,

There are only 5 more trading sessions left in 2023! At this point, most big market players are in cruise control, so we should be as well. This will be our last note before the holiday, so to those who celebrate, I hope you have a very Merry Christmas! I appreciate you all🎄

-Andrew

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News/Economic Data

GDP data came in lighter than estimates 👇

And NKE whiffed on earnings 👇

Treasuries

TLT is consolidating into year-end after a big run higher. The 10-day EMA is finally catching up to price. A close below that moving average would signal a negative change of character👇

Energy

Crude oil consolidated at the bottom of the monthly value area $74.10👇

FX Market

Dollar Index remains incredibly weak!✅

Equity Dashboard

Equities bounced back from yesterday’s pullback on strong breadth 👇

Index Price Cycle Monitor

Index Performance YTD

The indices are all up double digits for the year 2023, which creates a ton of end-of-year momentum. It is worth highlighting that all of this YTD momentum disappears in 6 trading sessions when the calendar flips to 2024 👇

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