Team,
Earnings season kicks off tomorrow and the market is in turbo mode. Let’s dive in!
-Andrew
Economic Data
PPI came in light at +.1% MoM and jobless claims came in light at 237k.
10Yr Treasury Futures
Excellent V-bottom off the recent lows on the back of the light inflation data.
Equity Dashboard
72.1% equity advancers. The dollar put in another massive downward move! And volatility…increased.
Megacap equities rallied. Important to keep in mind that the specifics of the Nasdaq special rebalance will be announced TOMORROW 7/14. This could impact trade in some of the largest names that just ripped.
Index MTD July Performance
Stellar performance so far for the month of July.
Index After Hours Price Action
The indices stuck the landing and finished above their respective monthly value areas.
ES S&P 500 -.06% - Monthly VAH Breakout
NQ Nasdaq +.08% - Monthly VAH Breakout
YM Dow Jones -.19% - Monthly VAH Breakout
RTY Russell 2000 -.11% - Monthly VAH Breakout
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
Keep reading with a 7-day free trial
Subscribe to Pristine Capital to keep reading this post and get 7 days of free access to the full post archives.