Alex's DAILY Market update & Focuslist - 04/08
The market undecided before a key CPI inflation report Wednesday morning.
Good evening!
Enjoy tonight’s DAILY edition.
Alex ✌️
Tonight’s 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
Price followed through on the 21dma bounce
MCSI flattening
NNH increasing
5-day hook-up follow-through today.
It remains very light buying and momentum as the market is waiting & undecided before the important CPI inflation report of Wed. morning.
This market is at a pivotal point here, and it seems like CPI will be the catalyst to either breakout from the recent tech consolidation or confirm the rollover from already extended readings.
I try not to anticipate but instead follow the price & manage my risk.
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