Alex's daily Market update & Focuslist - 02/15
The broad market making a new high with momentum picking up.
Good evening!
See PTMM’s section for tonight’s thoughts.
Good read & HAGN!
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
Another impressive day!
After being on an ORANGE signal for the most part of 2024, the model changed to a full GREEN signal today with MCSI following through and crossing above the 10dma.
We confirmed the CPI shakeout today with a price NEW HIGH. Which is what I wanted to see.
Momentum keeps creeping up with 2 back to back solid days
With the price just breaking out to a new high and ST momentum still being flat, I think we could look at a more sustained move in the market. The last piece of confirmation that I want to see is PPI tomorrow morning...but it would have to be one big surprise to change that picture, in my opinion.
Exciting times folks!
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