Pristine Market Analysis & Watchlist 12.13

🍾Powell Pops the Champagne

• PPI +0.0% MoM vs +0.1% est

• Equities are blowing off!

Team,

I did a quick scroll through my Twitter feed, and it’s clear that the emotions are running high. Let’s cut through the noise and take a look at the market reaction to FOMC 🍻

-Andrew

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News/Economic Data

PPI came in light! 👇

And Powell confirmed what the bond market had been pricing in…rate cuts are coming in 2024 👇

How did asset markets react to these developments?

Treasuries

TLT bounced off the 10-day EMA and rallied +2.35% ✅

FX Market

The dollar index finished DOWN and put in a red candle ✅

Energy

Crude oil remained in the $60’s ✅

Equity Dashboard

Equities, led by the IWM small caps, rallied sharply! Volatility increased, which is a sign that the market is overheating👇

Index Price Cycle Monitor

All indices are extended significantly away from their respective 5-day EMA’s.

Index Performance Monthly

We are in a blow-off 👇

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