Pristine Weekend Watchlist 2.11.24
Overheating into CPI📈
Good evening Team,
Welcome to this week's edition of the Pristine Capital Weekend Watchlist! 👋
In this research note, we’ll cover the following topics in preparation for the upcoming trading week:
Sector relative strength analysis across multiple timeframes.
Cross Asset Risk Analysis
Three high-quality trading setups
And much more! Let's get started! 👇
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Sector Relative Strength Analysis
The financial media is swept up in the SOXX semiconductors/ AI themes, but the YTD winner MSOS cannabis is largely flying under the radar 😏
On the 1-month time horizon, it is clear that the overall market rally is being driven primarily by SOXX semiconductors, IGV software, and XLK megacap technology, while KRE regional banks are relatively weak👇
MSOS cannabis was the worst performer last week on news that there would not be an imminent announcement from the President on sweeping cannabis reform. Keep in mind that the DEA’s rescheduling decision/announcement does not hinge on the president or any other branch of government for that matter👇
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