Pristine Market Analysis & Watchlist 5/15

Dance While the Music is Playing

Team,

The broad indices are moving sideways, but there is dynamism under the hood. Let’s keep putting one foot in front of the other for as long as this lasts.

-Andrew

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Economic Data

Empire State Manufacturing came out worse than expected:

Treasury Action

Fed Fund Futures

Fed fund futures were rangebound, and are still pricing in two rate cuts into year end.

10Yr

ZN_F 10yr treasury futures were weak today:

May Index Performance

The Nasdaq remains the only index in positive territory for May!

Equity Dashboard

Market breadth was strong with 73.2% advancers, but TLT long-term treasuries did not confirm today’s move

Megacaps AAPL GOOGL TSLA sold off today while SOXX semiconductors NVDA picked up the slack.

Index Price Action

Every index looks completely different. ES continues to diddle in the middle of the monthly value area, while the NQ has been the clear outperformer and RTY the clear underperformer.

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