Alex's daily Market update & Focuslist - 03/11
Let's get ready for the CPI inflation report!
Good evening!
Alex ✌️
Tonight’s daily report content
PrimeTrading Market Model #PTMM + Takeaways
General Market Analysis: NASDAQ - S&P 500 - RUSSEL 2K - OTHERS, including my daily levels & my bullish and bearish scenarios
Market Internals
Sectors & Themes Analysis
Focuslist including setups, alert levels & explanation (long & short)
Leaders list + Scans (technicals, fundamentals & potential TMLs)
My Portfolio Update
Economic Calendar
PrimeTrading Market Model #PTMM
The market uptrend remains, but we continue to see that momentum divergence from ST to LT indicators now.
Upside momentum seems to rollover here.
5/10-day ratios remain in that flat action showing a big divergence
MT/LT_momo back in a downtrend
MCSI & price remains strong and above all kma's.
NNH really dropped today and is close to flat, which is weird. We didn't see Friday's reversal being reclaimed, but tomorrow should give us more clues in the NNH/NNL area.
Overall, the trend remains up, but we haven't seen any momentum in this market for the past couple of weeks. We have CPI tomorrow, and we'll need to see if we break and confirm the current divergence, or if the reaction is good and we really see momentum coming in the market for once. Stay tuned tomorrow at 8:30.
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