Alex's daily Market update & Focuslist - 05/25
NVDA & the AI stocks lifted the market while it was pretty weak underneath
Good evening guys,
Let’s get ready for tomorrow!
Alex ✌️
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GENERAL MARKET ANALYSIS
NASDAQ (NQ_F) Daily
Price Action Analysis:
As expected, NQ gapped up following NVDA earnings and was able to hold the move and push above 13960$ recent swing high pivot to make a new high.
We remain in an uptrend, above all kma’s.
RUSSELL 2K growth (IWO) Daily
Price Action Analysis:
The story was different for IWO today. We rejected the 10/21c right at the open and retested the recent range area before closing back above the 224.45$ level.
I’ll be looking closely at the action around that 224.45$ level tomorrow. Can we get a reversal, or can’t we hold it and close below?
If we close weak and near the lows, we’ll have a horrible weekly candle, with the last two weeks being a false breakout. The kind of short setup on that larger WB UTL break… So tomorrow is critical
S&P500 (ES_F) Daily
Price Action Analysis:
The action around the 4163$ level will be important tomorrow. We either retest that level from below and get rejected down (sBORS) or reclaim it and push above all kma’s (BORS).
Important day tomorrow.
In the following sections of tonight’s letter, I’ll cover essential parts of my daily routine & preparation for tomorrow’s trading session.
✅ PrimeTrading UniverseList BREADTH
✅ My overall current market Takeaways & GAMEPLAN for tomorrow
✅ My daily Focuslist, including setups, alert levels & explanation (LONG/SHORT)
✅ My Portfolio update
✅ Sectors Review
✅ Market Breadth & Internals
✅ Economic Calendar
✅ Prime Model spreadsheet (PT_database)
✅ Leaders list (technicals, fundamentals & potential TMLs)
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