Alex's DAILY Market update & Focuslist - 04/02
Market sold-off hard at the open, but quickly found support. Do we follow-through or bounce tomorrow?
Good evening!
Enjoy tonight’s DAILY edition.
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
Heavy selling today, with GDB showing a -627 reading.
MCSI flips down again, but still above 10dma.
Momo continues to contract.
Price right at the 21dma....again
Back to flat NH/NL
I can't tell what will happen from here, and tomorrow seems to be quite pivotal. I'll keep an open mind and follow the leading stocks & setups until PTMM shows that uptrend no more. Based on some leading stock action, I am cautiously optimistic but remain one foot off the door if this market rolls over. Cheers!
Keep reading with a 7-day free trial
Subscribe to PrimeTrading to keep reading this post and get 7 days of free access to the full post archives.