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
Macro Analysis
Three A+ Trade Setups
And much more! Let's get started! 👇
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Sector/Style Factor Relative Strength Analysis
The momentum style factor is leading, driven by a stellar Q1 performance. NVDA earnings on 5/22 will be a test for this group👇
Mainstream financial media is still focused the AI software theme, but the unloved MSOS cannabis and KWEB China internet groups are leading the market YTD 👇
KWEB and GDX are surging so far in Q2. The BLOK blockchain group is going through a corrective sequence 👇
Money is rotating into XLU utilities on the 1-month timeframe👇
TAN solar stocks rebounded last week, and XLE energy names finally corrected 👇
Across all timeframes, I am seeing rotation out of the most crowded areas of the market, into potentially new leadership groups 💪
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