Alex's daily Market update & Focuslist - 03/04
Market failed to follow-through as it seems to digest Friday's breakout attempt.
Good evening!
See PTMM’s section for my thoughts.
Cheers & have a good week!
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
Daily Focuslist including setups, alert levels & explanation (long & short)
Leaders list + Scans (technicals, fundamentals & potential TMLs)
My Portfolio Update
Economic Calendar
PrimeTrading Market Model #PTMM
Typical digestion day following last week's breakout on Friday.
Price + participation flat, while momentum was negative despite still seeing good amount of 4%+ movers.
NNH improved
We saw some selling & good negative momentum today, but after the recent action I consider today as normal & healthy digestion action. We'll see if selling accelerates or not tomorrow, but so far no red flags even with today's action
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