Alex's daily Market update & Focuslist - 07/18
What a strong market - A new high again today.
Good evening!
Alex ✌️
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GENERAL MARKET ANALYSIS
NASDAQ (NQ_F) Daily
Price Action Analysis:
What a strong market…!
We are making another new high today with a 15857$ level breakout. The uptrend is strong, and no signs of exhaustion or fatigue yet.
We must follow the trend until we get a red flag. But remain careful with entries & exposure as the market is SUPER extended right now.
We are now 9.1% above the 50dma. (!!!!)
RUSSELL 2K (RTY_F) Daily
New high.
S&P500 (ES_F) Daily
New high.
PT MARKET MODEL (PTMM) & INTERNALS
PTMM stayed on a full GREEN market signal (🟩)
Price closed UP (+0.80%) and made a new price high.
Breadth was POSITIVE (+305)
U/D volume at 3.95 (solid)
MSCI UPTREND + ABOVE 10dma (new high)
Daily MOMENTUM was good (3.2)
NNH is at +41 & PTHL is still in an UPTREND (approaching previous highs)
8.09% > 50dma. (extended!) We’re back to last Thursday’s extension.
BOTTOMLINE:
We made a new high today, and the uptrend remains above all kma’s and on good breadth.
No red flags yet.
Internals
MMTW (Stocks > 20dma - market extension)
We’re back in overbought area, with a new high today. It seems like we’re gonna push higher here.
Below all kma’s, inside support area, and breaking out of a right bear flag off the 21dma. Potential continuation underway.
MOVE (Merrill Lynch Option Volatility Estimate - Bond market volatility)
Downtrend below all kma’s.
10Y Bond Yields (daily)
Bounce at the 50dma & DTL again. We might be due for a bounce.
1.54 level rejection so far. This is good!
BTC/USD (Bitcoin)
Possible shakeout today, but we remain below the 21dma. Need to push quickly above that base area…
In the following sections of tonight’s letter, I’ll cover essential parts of my daily routine & preparation for tomorrow’s trading session.
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✅ My overall current market Takeaways & GAMEPLAN for tomorrow
✅ My daily Focuslist, including setups, alert levels & explanation (LONG/SHORT)
✅ My Portfolio update
✅ Sectors Review
✅ Economic Calendar
✅ Prime Model spreadsheet (PT_database)
✅ Leaders list (technicals, fundamentals & potential TMLs)
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